Contributed By Commerce & Finance Law Offices
Unlike jurisdictions such as Singapore today or Hong Kong under the old Arbitration Ordinance, where there are or were paralleled arbitration laws for domestic arbitration and international arbitration respectively, China has only one set of laws for arbitration. The law governing international arbitration in China is the Arbitration Law of China, which took effect on 1 September 1995.
In retrospect, the Arbitration Law of China is regarded as full of experiments and flaws. It was not based on the UNCITRAL Model Law from its legislative intent. Nowadays, more and more voices are calling for reform and modernisation of the Arbitration Law.