The enforcement of judgments in foreign jurisdictions is potentially, if not in practice,
an integral part of transnational business. Transparent procedural rules and a well
developed and reliable judicial system play a major role in international trade when
business deals miscarry. If international traders and investors lack confidence in their
ability to resolve disputes effectively by compulsory adjudication (such as in the
courts or by way of private arbitration) then they will be less inclined to enter into
international business transactions.