Author: Carrie (Jiajia) Sun; Katelyn (Yutong) Xiao
China’s “Go Global” strategy and the “Belt & Road” initiative have accelerated the expansion of Chinese enterprises’ overseas business, resulting in increased cross-border issues and, thus, their corresponding legal disputes. To mediate the interests of the parties involved in foreign transactions, enhance the credibility of the Chinese judicial system and establish a stable, transparent, and fair business environment under the rule of law, there are several matters that need to be paid more attentions, including but not limited to the regulations and procedures of recognition and enforcement of overseas judgments and arbitral awards required for the Chinese judicial system, the success rates of recognizing and enforcing overseas judgments and arbitral awards, the legal rationale ...