Abstract
IN THE course of international commercial transactions, it is not unusual to have disputes where businessmen are from every corner of the world, with different cultural backgrounds and legal systems. Due to the universal enforceability of arbitral award arbitration, as an alternative to traditional litigation, is popularly adopted by businessmen to resolve their disputes. With the marked increase in the volume of trade and the dramatic flow of foreign capital into the Chinese market, it is not surprising that in recent years there has been a corresponding growth in the number of disputes between Chinese and foreign entities. Besides friendly negotiation and conciliation, Chinese law and business practices have provided a supportive role for the use of arbitration in resolving Chinese-foreign business disputes. The enforcement of a foreign arbitral award in mainland China is an integrated part of the hierarchy of Chinese arbitration. The legal...
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