Monday, 29 October 2018

CIETAC Arbitration: Different

Originally from: https://intrepidsourcing.com/cietac-arbitration-different/

An increasing number of Chinese companies require that their contracts with American companies provide for disputes to be resolved via arbitration in China; both sides will use CIETAC arbitration clauses under these circumstances. Many people worry if they can get a fair decision when they have to arbitrate in China, especially foreigners. Moreover, many American companies usually believe “the Chinese way of doing things” is bias due to the fact that some foreign companies are not always treated fairly in China; however, people should clearly understand the difference between the bias and the American misunderstandings of how China operates for everyone.

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