An empirical study, conducted by Prof. Liu Jingdong, analyzes China’s progress on recognition and enforcement of foreign arbitral awards since 2015, through a comparison between 81 cases in 2015-2017 and the pre-2015 replies issued by the Supreme People’s Court of China.
Belt and Road
Supreme People’s Court Judge Liu Guixiang (刘贵祥) and Judge Zhang Yongjian (张勇健) brief about the current situation of China International Commercial Court (CICC).
Chinese expert Prof. Yongping Xiao indicates, if China wishes to promote the Belt and Road Initiative (BRI), improvements in the international credibility of the Chinese judiciary is required.
For decades, China has adopted rigorous criteria for the recognition and enforcement of civil and commercial judgments rendered by a foreign court. However, the situation will undergo considerable changes.