How is a dispute solved between the two parties of either a Sino-foreign joint venture or a Sino-foreign cooperative enterprise?
Any dispute that occurs in the explanation or implementation of the joint ventures agreement, contract and Articles of Association had better be solved through negotiation or conciliation. If negotiation or conciliation fails, it can be brought to the court of arbitration or administration of justice. According to the written-agreement on arbitration, each party of the association can have their dispute solved by the court of arbitration. Arbitration can be handled in accordance with the arbitration procedures of the China’s Arbitration Committee of Internatioanl Trade and Commerce. With the consent of each party concerned, the dispute can also be handled by an arbitrary organization in the country prosecuted or in a third country, following its arbitration procedures. If there is no written agreement on arbitration between the parties of the negotiation, either party can bring the dispute to the People’s Court of Justice according to law. Q20: Can foreign businessmen working for forei
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