Agreement with Macau Facilitates Mutual Recognition of Arbitral Awards
Author: Peter Yuen
On October 30 2007 China and Macau signed an agreement to recognize awards made under their respective arbitration laws as being mutually legal and enforceable. A similar agreement is already in place between China and Hong Kong.
The vice president of the Supreme People’s Court stated that the Arrangement on Reciprocal Recognition and Enforcement of Arbitral Awards is another example of progress in the field of judicial cooperation between China and Macau.
The agreement applies to all arbitral awards made after December 20 1999, the date on which Macau was handed over from Portugal to China.