When a foreign judgment is obtained against a business or ...

[809779]

When a foreign judgment is obtained against a business or individual, which of the following statements is true?
◦ If the business has assets in the foreign jurisdiction or there are treaties in place to allow for enforcement, it is quite likely that the foreign judgment will be enforced.
◦ If the business has no assets in the foreign jurisdiction or if there is no treaty in place to allow for enforcement, enforcement is a substantial threat.
◦ Since the business resides in a foreign jurisdiction, there is no threat of enforcement.
◦ Since the judgment is obtained in a foreign jurisdiction, the business or individual may be extradited to face criminal charges.
◦ Whether a business resides in a foreign or domestic jurisdiction presents no problems regarding enforcement.

[kiamars2010]

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[809779]

Thanks for the timely response, appreciate it

[laurnthompson]

TYSM