|Table of Contents|

Relativities of finality of arbitral award of international commercial arbitration(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2009年04期
Page:
55-60
Research Field:
法学
Publishing date:
2009-12-20

Info

Title:
Relativities of finality of arbitral award of international commercial arbitration
Author(s):
SHI Xian-ming
School of Law, Yunnan University of Finance and Economics, Kunming 650221, Yunnan, China
Keywords:
international commercial arbitration;  The Arbitration Act of China;  finality of award;  relativity
PACS:
DF974
DOI:
-
Abstract:
In Chinese academic circle, finality of awards is commonly and absolutely reputed as the most virtue and fundamental principle of international commercial arbitration, and The Arbitration Act of China stipulate that finality of arbitral award be absolutely observed in arbitration. Through analysis, this paper holds that when the stake of dispute is huge and the award is erroneous, the efficiency-oriented regime of finality of arbitral award may cause unendurable losses for the parties the legislation on arbitration in many countries and areas in the world and the arbitration rules of some international arbitration institutions allow the parties to make otherwise agreements and arrangements while stipulating finality of arbitral awards. This paper suggests that The Arbitration Act in China should abolish the absolute regime of finality of arbitral awards.

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Memo

Memo:
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Last Update: 2009-12-20