The Development and Application of the International Commercial Arbitration Legal System in China
ABSTRACT
The author analyzed the development and the achievements of the international commercial arbitration legal system in China, and pointed out its defect, such as neglecting the applicable law, maintaining gap to the requirements of international arbitration, the formal requirements being too strict, and lack of interim arbitration provisions. The author then reviewed the applicable law of arbitration agreement and the procedure question and the material question. It the last part, the author brought out some suggestion to the arbitration law, including consummating the legislation on applicable law, recognizing effectiveness of the arbitration agreement on a low standard, stipulating the ad hoc arbitration system.
KEYWORDS：International commercial arbitration, the development of legal system, application
