Pending deal alarms e-commerce experts
An agreement being negotiated by 46 countries to address jurisdictional issues in the borderless world of e-commerce has given rise to concerns that it could force U.S. companies to comply, in some cases, with potentially restrictive foreign legal standards.
The pending agreement – the Hague Convention on Jurisdiction and the Recognition and Enforcement of Foreign Judgements – would provide recognition and enforcement of judgements on a trans-national basis. It’s analogous to a U.S. law that ensures that a judgement in one state is enforceable in another. The Hague Convention would cover all kinds of commercial lawsuits, but the main area of contention concerns intellectual property.