STAND. COM. REP. NO.  820

Honolulu, Hawaii

                , 2009

RE:   H.B. No. 779

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 779 entitled:

"A BILL FOR AN ACT RELATING TO THE UNIFORM FOREIGN-COUNTRY MONEY JUDGMENTS RECOGNITION ACT,"

begs leave to report as follows:

     The purpose of this bill is to help meet the increased need for enforcement of foreign country-money judgments due to increases in international trade by enacting the Uniform Foreign- Country Money Judgments Recognition Act, which replaces and updates a similar law by, among other things, allocating the burden of proof with respect to the application of law, expanding grounds for denying recognition and allocating burden of proof to do so, and establishing a statute of limitations.

     The Commission to Promote Uniform Legislation provided comments on this bill.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 779 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair