On June 30, 2017, the Wuhan Intermediate People's Court ("Wuhan Court") issued a verdict (the"Case") ordering the recognition and enforcement of a commercial judgment rendered by the Los Angeles County Superior Court, California, USA (“LA Court”). This marks the first time for a PRC court to recognize and enforce a commercial judgment from a U.S. court , which is of landmark significance and is thus noteworthy for all law practitioners and interested parties.
In this Case, the applicant, Li Liu (the "Applicant"), applied to the Wuhan Court to recognize and enforce judgment No. EC62608, rendered by the LA Court (the “U.S. Judgment”), against the respondents, Li Tao and Wu Tong (the "Respondents"), related to a dispute between them involving an equity transfer agreement. Based upon the information contained in the U.S. Judgment, the background of the Case is summarized as follows...
