Introduction

(Translated by Ms. Qianlin Wang) - The Arbitration Law of the People's Republic of China came into effect on September 1, 1995. The Arbitration Law is a law of reform, as well as an open law of "absorbing the foreign modern arbitration system" and "making China's arbitration system simultaneously develop with the international modern arbitration system" . The concepts of independence of the arbitral tribunal, the jurisdiction based on parties' agreement, as well as the rationality of "or arbitration or trial" and the single and final arbitration system stipulated in the Arbitration Law ...