Reflection and Improvement of the Error-Correction Mechanism of Commercial Arbitration
DOI: https://doi.org/10.62517/jel.202414413
Author(s)
Guo Yuanping
Affiliation(s)
Shaanxi University of Technology, Hanzhong, Shaanxi, China
Abstract
Commercial arbitration, as a relief means to solve commercial disputes together with litigation, arbitration is related to the substantive rights and interests of the parties, and is one of the important ways to solve civil disputes. The Arbitration Law has been revised twice since its implementation in 1995, both intended to protect the legitimate rights and interests of the parties concerned. However, at present, commercial arbitration has exposed significant problems in the mechanism of error correction: arbitration institutions actually lack of self-correction mechanism, and there are many unreasonable points in the institutional arrangement of judicial review, which is in conflict with the legislative purpose of protecting the rights and interests of the parties. In this regard, the paper reflects on the outstanding problems existing in the arbitration correction mechanism in China, and puts forward the countermeasures to improve the arbitration correction mechanism, in order to solve economic disputes fairly and promote the healthy development of commercial arbitration.
Keywords
Error-Correction Mechanism; Commercial Arbitration; Judicial Review; Economic Disputes
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