ARTICLE
9 September 2022

EU Accedes To The Convention On The Enforcement Of Judgments

PB
Pekin Bayar Mizrahi

Contributor

Pekin Bayar Mizrahi is a leading top-tier law firm located in Istanbul, Türkiye.

The firm was founded by Mr. Fethi Pekin, who was a former judge, in 1946. Ms. Sefika Pekin and Ms. Selin Bayar subsequently joined the firm. In time, the firm has broadened its areas of expertise and the sectors it advises; thereby becoming a “full-service” firm with a global reach. In 2021, its dispute resolution partner, Mr. Ergin Mizrahi, became a name partner and the firm changed its corporate name as Pekin Bayar Mizrahi.

With its local and international experience of 75 years, Pekin Bayar Mizrahi is now one of the largest law firms in Türkiye in both size and volume, employing around 60 fee earners. The firm also has liaison offices and affiliate counsels in numerous cities in Türkiye. The firm has international practice and its clients include States, large financial institutions, and transnational corporations from various sectors.

On 23.06.2022, European Parliament gave its consent to the accession of the European Union to the Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters...
European Union Litigation, Mediation & Arbitration

On 23.06.2022, European Parliament gave its consent to the accession of the European Union to the Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters (the "Convention").

The European Union states are bound by the Convention, that will enter into force as of 01.09.2023, as a result of the accession by the European Union. Ukraine has signed and ratified the Convention and accordingly it will also enter into force on 01.09.2023 for Ukraine. Costa Rica, Israel, Russian Federation, United States of America and Uruguay have also signed the Convention.

The Convention aims to establish a common framework for the global circulation of judgments in civil or commercial matters. In the Explanatory Statement, the European Parliament describes the Convention as an instrument of outmost importance for European citizens and businesses.

Turkey has not yet signed the Convention.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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