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Embracing lex mercatoria through resistance: courts, arbitration and customs governing commercial relationships in China
Ist Teil von
Asia Pacific law review, 2020-01, Vol.28 (1), p.97-121
Ort / Verlag
Routledge
Erscheinungsjahr
2020
Link zum Volltext
Quelle
Taylor & Francis
Beschreibungen/Notizen
The rise of lex mercatoria across national boundaries has been one of the most remarkable phenomenon in transnational commercial dealings during the past 50 years, and a subject of voluminous writings. In China, the pattern of citing trade customs to govern commercial relationships during judicial and alternative dispute resolution (ADR) proceedings is far from clear. Based on empirical evidence obtained from Chinese commercial arbitration and litigation proceedings involving foreign parties, we found that trade customs are very rarely referred to. We posit here that the lack of consistencies of lex mercatoria in judicial applications and public adjudicative features of institutional arbitrations in China have limited the usage and growth of customary law in resolving business disputes involving foreign parties. The development of lex mercatoria in China is further challenged by the rise of formal legal institutions governing cross-border commercial transactions, such as the newly established China International Commercial Court (CICC), which widens power imbalances between private business parties and public authorities. Although the recent emphasis on developing ADR methods may encourage some form of informal law-making in China, as legal systems and court structures continue to become more formalized, living spaces of lex mercatoria might be further compromised, reflecting a loosening in the dichotomy between market and state in contemporary China.