Arbitration and China’s Global Business

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Linnaea Mallette, Shipping Port (Publicdomainpictures.net)

全球商务对中国的重要性日益增加，故中国有必要表明其承认和执行外国仲裁裁决的决心。自 1987 年以来，中国一直是《纽约公约》的缔约国。该公约要求每个缔约国都确保其法院承认和执行在另一个缔约国作出的仲裁裁决，除非这种承认或执行违反其“公共政策”，或有其他例外情况。由于《纽约公约》没有对“公共政策”作出规定，中国法院如何解释此例外情况直接影响到外国当事人与中国开展业务的信心程度。中国最近发布的一起案例阐明了对此例外情况的解释。Read more

Arbitration and China’s Global Business

On:
In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Linnaea Mallette, Shipping Port (Publicdomainpictures.net)

The growing importance of global business to China makes it crucial for the country to show its commitment to recognize and enforce foreign arbitral awards. Since 1987, China has been a contracting state of the New York Convention, which requires each contracting state to ensure that its judiciary recognizes and enforces an arbitral award made in another contracting state, unless such recognition or enforcement would be contrary to the contracting state’s “public policy”, among other exceptions. The convention does not interpret the “public policy” exception. How the Chinese judiciary interprets it directly influences foreign parties’ level of confidence in doing business with China. A recent court case in China sheds light on the interpretation of this exception.Read more

In Brief

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: sabthai/Shutterstock.com

China’s release of a Typical Case showcasing how courts in Shanghai recognized and enforced a foreign arbitral award by a special reading of the factual situation involved may help instill more confidence in foreign parties amid China’s efforts to revive its economy. How was this breakthrough ruling made? What are the implications of the ruling?Read more