Law and Policy on the Acreditation and Imposition of Foreign Verdicts in South Asia and the Way Forward

Abstract

This paper reflects a comprehensive analysis of laws and policy on the realization and implementation of overseas Courts verdicts relevant to business and other disputes of civil nature in South Asia. It elucidates the principles which are shared in laws and policy of the South Asian legal system. Therefore, this research explores that the laws which are canvassed here share many principles inter-alia doctrines of reciprocity and comity of nations. It has been observed that there exist common defenses in the laws of South Asian states regarding the implementation of overseas Courts decisions. However, there is a practical need for harmonization of existing laws and policy for the purpose of economic integration in the South Asian region. The Harmonization is possible among South Asian states for economic growth and development of the region. In this contextual perspective, there is a dire need to build a consensus and political will among the policy makers to harmonize the laws and policy for the purpose of enhancing the commercial activities to achieve economic growth in the region.