BRUSSELS I REGULATION - RECOGNITION AND ENFORCEMENT OF FOREIGN COURT DECISIONS IN CIVIL AND COMMERCIAL MATTERS
BRUSSELS I REGULATION - RECOGNITION AND ENFORCEMENT OF FOREIGN COURT DECISIONS IN CIVIL AND COMMERCIAL MATTERS
Author(s): Vladan Stanković, Ana OpačićSubject(s): Economy
Published by: Visoka škola za poslovnu ekonomiju i preduzetništvo
Keywords: Brussels I regulations; recognition and enforcement of foreign judgments; European Union; EU private law; cross-border trade
Summary/Abstract: The process of integration of European countries began with the formation of the Coal and Steel Community and as a historical category in a certain domain continues. This decades-long integration hasbeen carried out in phases and in certain segments, and this very way of integration has resulted in theseareas not consistently following the basic principles on which the EU is based. The self-proclaimed goalof European integration, its maintenance and development as areas of freedom, security and justice,necessarily required, among other things, instruments and measures related to judicial cooperation in civiland commercial matters, which would ensure the smooth functioning of the EU internal market. The rulesof Brussels and regulations establish a single system of recognition and enforcement of foreign courtdecisions, overcoming the differences that exist in the national systems of member states, and unified ruleson simplification of procedures for faster and simpler recognition and enforcement of such decisions. Theauthors below present the achieved level of unification of these rules from the aspect of functionality,primarily the time needed to execute a foreign decision, reduction of formalities, certainty of outcome andimpossibility of conducting a parallel procedure, as the primary goal of Brussels I regulation.
Journal: International Review
- Issue Year: 2022
- Issue No: 3-4
- Page Range: 168-174
- Page Count: 7
- Language: English