Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 51

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 51
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 against a BVI company. Because the courts of the BVI have yet to rule on whether such judgments are penal or punitive in nature, it is uncertain whether they would be enforceable in the BVI. Ogier has advised us that although there is no statutory enforcement in the BVI of judgments obtained in the federal or state courts of the United States, in certain circumstances a judgment obtained in such jurisdiction may be recognized and enforced in the courts of the BVI at common law, without any re -examinationof the merits of the underlying dispute, by an action commenced on the foreign judgment debt in the High Court of the BVI, provided such judgment: •is given by a foreign court of competent jurisdiction and such foreign court had proper jurisdiction over the parties subject to such judgment; •imposes on the judgment debtor a liability to pay a liquidated sum for which the judgment has been given; •is final; •no new admissible evidence relevant to the action is submitted prior to the rendering of the judgment by the courts of the BVI; •is not in respect of taxes, a fine, a penalty or similar fiscal or revenue obligations of the company; •was not obtained in a fraudulent manner and is not of a kind the enforcement of which is contrary to natural justice or the public policy of the BVI. 30 In appropriate circumstances, a BVI Court may give effect in the BVI to other kinds of final foreign judgments such as declaratory orders, orders for performance of contracts and injunctions. City -YuwaPartners has further advised us that foreign judgments of United States courts will not be directly enforced in Japan as there are currently no treaties or other arrangements providing for reciprocal enforcement of foreign judgments between Japan and the United States. As a result, a judgment of a foreign court including U.S. and BVI may be enforced in a court of Japan, without further consideration of the merits of the case, only if all of the following conditions are satisfied: (a)the foreign judgment concerned is duly obtained and is final and conclusive; (b)the jurisdiction of the foreign court has not been precluded by any law, order or treaty; (c)service of process has been duly effected on the party against which such judgment is to be enforced in Japan other than by public notice or some other similar method, or the counterparty has appeared in the relevant proceedings in the foreign jurisdiction without receiving service thereof; (d)the foreign judgment concerned (including the court procedures leading to such judgment) is not contrary to public