On 2 of July the delegates of the 22nd Diplomatic Session of the HCCH signed the Final Act of the 2019 Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters. The final act was signed by the Head of the Bulgarian delegation Ambassador Rumen Alexandrov“

The signing of the Final Act by 81 States and EU took place during a ceremony in the Great Hall of Justice in the Peace Palace in the presence of the Minister of Foreign Affairs of the Kingdom of the Netherlands, Mr Stef Blok.

The Minister emphasised that the new Convention: "enhances the legal certainty and predictability that is so important in international legal matters...".

This new Convention will be essential to reducing transactional and litigation costs in cross-border dealings and to promoting international access to justice. It will increase certainty and predictability, promote the better management of transaction and litigation risks, and shorten timeframes for the recognition and enforcement of a judgement in other jurisdictions, providing better, more effective, and cheaper justice for individuals and businesses alike. The 2019 Judgments Convention fills an important gap in private international law and represents a true game changer in international dispute resolution“.