The internet brought the once rarefied world of international commerce into our living rooms. While one can now order wine directly from a vineyard located in Tuscany, this convenience has led to a precipitous rise in international litigation. One of the primary risks in transacting business internationally is the uncertainty in dispute resolution. Both … [Read more...]
Arbitration Provisions in China-related Commercial Contracts: How to Implement Best Practices
On August 4, 2009, China's Supreme People's Court issued a new regulation to encourage parties involved in conflicts to consider arbitration as an alternative means of dispute resolution. The regulation is in response to a rapid increase in lawsuits during the past two years. Under the new regulation, agreements achieved in arbitration or mediation by administrative bodies, … [Read more...]