Chinese Courts: More of a Gamble than Arbitration?
Article from: TDM 4 (2006), in Resolving International Business Disputes by ADR in Asia
Is the Chinese courtroom a viable choice in dispute resolution? Many interested parties, including the United States Department of Commerce, major international law firms, and the Chinese culture itself, prefer other methods of resolution. Thus, major corporations doing business in the People's Republic of China ("PRC" or "China") commonly use an arbitration clause in contractual obligations. The prevalence of these clauses has in fact created an "international arbitration culture." The time, however, has come for corporations and their lawyers to reconsider ...