• Enforcement of Foreign Judgments In England
  • October 14, 2004 | Authors: Helen Mulcahy; Matthew Heywood
  • Law Firm: Reed Smith LLP - London Office
  • When an international business transaction becomes unworkable because goods or services are not paid for or monies lent are not repaid, creditors can often be left with a shortfall when they discover that the only assets the debtor owns are outside their local jurisdiction. Businesses, which enter into transactions with a foreign party, can sometimes be left vulnerable when the debtor's only assets, which could satisfy a judgment, are difficult to attack or are at risk of dissipating quickly without trace.