The difficulty is getting enforcement; in practice, what happens is that the fine is put down as outstanding and if any executive or employee of the company enters the country, they're arrested and held hostage until the company pays up (or are held directly responsible for whatever the company is accused of). Most countries usually have corporate presency laws to avoid this sort of scenario though.
Alternatively, the judgement can be enforced through diplomatic channels, but that's a giant clusterfuck and unlikely to succeed unless it's something that's very blatantly a crime in both countries, since it's effectively retrying the case. (And even then it can depend on if the country just doesn't feel like cooperating for that specific case, for no other reason than spite; France for example is fond of doing this.)
Even for local companies. I had a UK ltd company and it got some fines for not filling in the correct forms but you can just close it down still owing money, which I did, and there's no liability for the director(s).