Part of the answer is that Iceland let foreign lenders to its runaway Banks pay the price of their poor judgment, rather than putting its own taxpayers on the line to guarantee bad private debts.

部分的答案是冰岛让向失控的银行提供的外国借贷者支付他们误判的代价，而不是将自己的纳税人放在这条线上去为私人债务坏账提供担保。

youdao

Cross-border Insolvency; Extra-territorial Effect; Jurisdiction; Applicable Law; Recognition and Enforcement of Foreign Bankruptcy Judgment.

跨国破产；域外效力；管辖权；法律适用；承认与执行外国破产判决。

youdao

Not only should there is energy, and judgment, and get rid of other foreign temptation, not for all the fame and gain power and so on vanity and midway diverted.

不但要有魄力，而且要有判断力，摆脱其他外务的诱惑，不为一切名利权位等等虚荣而中途改道。

youdao

Judges in the U.S. will reject a foreign judgment achieved through a process not to their liking.

FORBES: Chevron Ecuador Plaintiffs Face Tough Sell In U.S.

The U.S. would normally be the most hospitable court system for enforcing a foreign judgment but Chevron has mounted simultaneous legal attacks in courts around the country to convince judges the Ecuadorean case is tainted by fraud.

FORBES: Chevron Says Plaintiffs Offered Ecuador Judge $500,000 For Verdict

Brown expressed some puzzlement that the plaintiffs had hinged their strategy on trying to convince an Ontario court to seize the assets of a Canadian corporation with few operations in the province, based on the fact that it is owned by a U.S. corporation with a foreign judgment against it.

FORBES: Chevron Plaintiffs Lose A Crucial Round In Battle To Enforce $18 Billion Judgment