1 Introduction
Historically, Chinese parties were able to avoid, to a large
extent, the consequences of adverse awards made against them by
international tribunals. This was primarily because Chinese courts
were reluctant to enforce foreign arbitral awards against Chinese
parties. In recent years, however, the Chinese Government has made
significant advances in supporting domestic and international
arbitration, in particular, in respect of the enforcement of
foreign arbitral awards. Now international arbitration is a reality
for Chinese entities doing business with foreign entities. This is
reflected by the significant increase in the number of Chinese
parties involved in international arbitration, however, there is
also an alarming percentage of Chinese parties being unsuccessful
in international arbitration. We believe the success rate of
Chinese parties in international arbitration can be improved, by
addressing a number of key issues set out below.
