MIC sought to
enforce this judgment debt against Naftogaz's assets in England by obtaining (i) a freezing order against Naftogaz in relation to its shares in a UK oil company; (ii) a default judgment against Naftogaz in the sum of such debt («English Default Judgment»); and (iii) a third party debt order requiring share dividends due to Naftogaz to be paid instead to MIC and also a charging order in favour of MIC in respect of such shares.
Not exact matches
I share the view expressed by objective and reasonable members of the public that because the government was the 1st defendant / respondent against whom the Supreme Court made declarations of unconstitutional conduct in paying the
judgment debt to Alfred Agbesi Woyome, the government has been pretending for purely political reasons at each turn to take steps to
enforce the
judgment and orders of the court only to deliberately abort them.
The new Government will also
enforce the Waterville
judgment debt of over Euro 47million loot or prosecute it for High Crime.
Creditors use
judgments (a court's determination that you owe a
debt) to
enforce past - due
debts, but if you don't own much, a
judgment won't help a creditor, since they can only come after non-exempt assets.
a) Disputes filed - 18 months b) Inquiries - 2 years c) Payment profile -5 years d) Information related to a consumers payment behavior such as slow payer, defaulted or absconded - 1 year e) Information relating to the action that a credit provider has taken against a consumer to
enforce a
debt such as handed over, legal action or write - off - 2 years f) Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
debt such as handed over, legal action or write - off - 2 years f)
Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
Debt restructuring - Until a clearance certificate is given g) Civil court
judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the
debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Afr
debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Africa.
Your creditor can not
enforce your
judgment in the High Court if the
debt is covered by the Consumer Credit Act 1974.
Although lenders must start court action in the County Court, if the
debt is not a consumer credit agreement then the lender can try to
enforce the
judgment in the High Court.
Although the right to sue on the
debt may only last two years, the right to
enforce a court
judgment lasts for ten years.
But for the past 30 years, we've taken for granted that we can also offer the benefit of all these European instruments and that English
judgments will be enforceable across the EU — and as soon as those are stripped back, one may need to consider the balance between the general reputation of English courts and English law and the fact that we may need to say to clients that it may potentially become harder to
enforce your
debt overseas in the EU.
If the order is unpaid by the debtor, you are considered a
judgment creditor and have tools to
enforce the
debt.
This decision has been the subject of considerable discussion among arbitration practitioners: as was discussed several months ago on Slaw, the case raises a number of difficult questions about how international arbitration and Canada's treaty obligations in that respect interact with local procedural law — specifically limitation of actions — when seeking to
enforce the award, and more generally whether foreign
judgments and arbitral awards should continue to be treated, for limitations purposes, as mere contract
debts.
Our lawyers can act in large Ontario
judgment debt and arbitration award collection matters to
enforce judgment creditor's remedies or to defend the
judgment debtor's rights.
Jurisdiction to recognize and
enforce a foreign
judgment exists by virtue of the debtor being served on the basis of the outstanding
debt resulting from the
judgment.
David Alderson, LL.B, LL.MJanuary 10, 2016Arbitration, Business Litigation, Business Torts Economic Torts, Civil Litigation, Commercial, Commercial and Contract Litigation, Commercial Arbitration, Commercial Litigation, Contract Disputes, Contract Termination,
Debt and
Enforcing Judgments, Injunction & Specific Performance, Joint Venture Disputes, Partnership Dispute, Partnerships and Shareholder Disputes, Professions0 Comments
David Alderson, LL.B, LL.MJanuary 15, 2016Arbitration, Casino
Debt Recovery, Civil Litigation, Commercial Arbitration, Commercial Litigation, Creditors Rights, Cross-Border Litigation,
Debt and
Enforcing Judgments, Enforcement of Foreign Arbitral Awards, Enforcement of Foreign
Judgments, Forum Challenges, Jurisdictional Challenges, Loan and Guarantee, Of Interest to US Counsel1 Comment
We offer a complete
debt recovery service, including pre-issue recovery, issuing claims in the County Court and High Court and
Enforcing Judgments.