Effectiveness and Remedies of the Arbitral Awards in OHADA (1)’s System and in People’s Republic of China.

Abstract

Arbitral justice becomes a universal phenomenon requiring the involvement of all economic and legal players in developed and developing countries. OHADA is a common law that aims to secure legal security for regional and foreign economic agents by offering a vast economic space. The People's Republic of China (PRC) is an emerging country seeking to increase its economic participation in the global context. As economic interdependence increases, business disputes are more likely. This article compares two legal systems in the international commercial arbitration field: the legal system of OHADA and the PRC's legal system; especially in the effectiveness and the remedies of the arbitrators' decisions. [PUBLICATION ABSTRACT]