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ENFORCEMENT OF A FOREIGN ARBITRAL AWARD IN CHINA: ISSUES, CRITICISMS, AND PRACTICAL SOLUTIONS

Essay specific features

 

Issue:

Social Issues

 

Written by:

Jennifer H

 

Date added:

May 9, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

18 / 4820

 

Was viewed:

9816 times

 

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Essay content:

Foreign awards that are not paid voluntarily also may be filed with a court to compel enforcement. As China acceded to the New York Convention1958, awards are enforceable in other signatory countries on the basis of reciprocity. While in principle the same should apply in China, in practice, enforcement is problematic...
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While in principle the same should apply in China, in practice, enforcement is problematic. Almost one in four applications are denied , but anecdotal information implies the number may be much higher . It appears that enforcement is easier to secure in major cities such as Beijing, Shanghai, and Guangzhou, and smaller awards appear more likely to be enforced than larger ones...
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