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자료유형
학술저널
저자정보
저널정보
한국무역연구원 무역연구 무역연구 제11권 제5호
발행연도
2015.1
수록면
631 - 648 (18page)

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The Chinese government requires Hong Kong and Macao to maintain a different legal systems from China, such that judicial barriers are established among these regions in spite of the fact that there is just one country. Thus, the arbitral award by arbitral institutions in China, Hong Kong and Macao is not able to secure mandatory execution in the other region of the country. In order to settle problems related to the approval and execution of arbitral awards issued in the other region, China, Hong Kong and Macao concluded an agreement called ‘Arrangement’ which contains similar contents like the contents in other agreements between other countries. Under the Arrangement among China, Hong Kong and Macao, the legal system of each region can be enforced independently and the approval and execution of arbitral awards in the other region progresses more rapidly. The expansion of trade and investment of Korean companies into China, Hong Kong and Macao increases usages for the approval and execution of arbitral awards applying the Arrangement in these regions. However, there are some differences in several contents even though the Arrangement among China, Hong Kong and Macao has plenty of similar parts to other arbitral agreements concluded between countries. Therefore, the study attempts to consider the contents of the Arrangement and also analyze the differences from the agreement related to the arbitration among China, Hong Kong and Macao. Moreover, the study suggests some precautions to Korean companies for using the arbitral system in these regions.

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