Lee, Hong, Degerman, Kang & Waimey attorneys obtained a California Superior Court judgment in excess of $71 million on behalf of its client, an overseas provider of trade financing insurance.
LHDK&W attorneys brought an action on behalf of the client in the San Diego County Superior Court seeking judicial recognition of two civil judgments for breach of contract previously entered in the client’s favor by courts in the Republic of Korea. Claims were brought under the Uniform Foreign-Country Money Judgments Enforcement Act.
LHDK&W obtained recognition of the Korean judgments by the California court, which entered judgment in the client’s favor in excess of $71 million based upon the unpaid amounts due for the Korean judgments. This recognition of the Korean judgments now allows the client to enforce the Korean judgments in the United States by way of a valid California court judgment.
The LHDK&W team included partners Eric Olson and Keith Fichtelman, with substantial assistance from associate Josephine Wu.