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Commercial arbitration reveals domestic environment

| 2017-04-20 | Hits:
(Chinese Social Sciences Today)

Arbitration has become the optimum option for resolving international commercial disputes, said Wang Xiaochuan, a professor of law from the University of International Business and Economics at a recent symposium. Arbitration can resolve international disputes more professionally, rapidly, conveniently, confidentially and peacefully, he said. A ruling on a civil or business case involving foreign factors provides an important way for the international community to observe the domestic judicial environment of a nation, said Song Lianbin, a professor of law from the China University of Political Science and Law. Such cases involve not only the application of laws of the state where the case is tried, but also the choice between Chinese laws and foreign laws as well as the application of foreign laws, and international treaties and norms, which requires more complicated legal technologies and methodologies, Song said.