By Stephen Johnson King & Wood Mallesons’ Dispute Resolution Group
Traditionally, Chinese companies could avoid engaging in international arbitration because it was difficult to enforce international awards in China. However, the enforcement of international awards in China has greatly improved in recent years. This is in part due to the reporting system implemented by the Supreme People’s Court of China, which mandates that no international awards can be refused enforcement unless approved by the Supreme People’s Court. Accordingly, as Chinese companies are increasingly going abroad and engaging in business with foreign companies, they need to be better prepared when disputes arise.
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