Recognition and enforcement of judgments between China and the Caribbean: reflections from the perspective of Caribbean offshore financial centres

Abstract

Given that a substantial number of cross-border investments related to China involve companies registered in Caribbean offshore financial centres, the recognition and enforcement of judgments between China and Caribbean offshore financial centres directly affect the relevant cross-border dispute resolution. Effective dispute resolution is of great significance not only to Caribbean offshore financial centres’ offshore financial business, but also to China’s attraction of foreign investment. However, as yet, no effective mechanism exists for addressing the mutual recognition and enforcement of judgments by China and Caribbean offshore financial centres. In light of the liberalisation of Chinese rules in this field, China and Caribbean offshore financial centres should seek ways, including signing international treaties, building consensus building, and promoting test cases, so as to promote the recognition and enforcement of judgments based on the cooperation platform under the Belt and Road Initiative.