​China's Arbitration Award Enforcement on Business

China's Arbitration Award Enforcement on Business
 
Predictability
China's arbitration enforcement improves legal predictability. Businesses are more willing to use arbitration when they trust the judicial system will enforce arbitration rulings. Because they know arbitration will provide a better outcome.
Arbitration offers a more predictable legal system, quicker and cheaper conflict resolution, and a higher probability of enforcing an arbitration ruling in China.
Arbitration
China's arbitration enforcement expedites dispute settlement. Arbitration often resolves corporate conflicts quicker than the legal system. Since the overburdened court system, cases might take a long time to process. Arbitration moves more quicker.
Businesses benefit from this fast dispute resolution procedure because it lets them return to work. It also saves corporations' legal expenditures from long court cases.
Greater Enforcement
Finally, China's arbitration award enforcement increases international firms' prospects of having their awards implemented in China. This is because recognition and enforcement of foreign arbitral awards by Chinese courts are generally based on whether the subject matter of the dispute is within the scope of matters that can be resolved through arbitration.