PRC Supreme People's Court endorses Arbitration Agreement choosing Non-PRC Arbitration Institutions under PRC Law

In a decision which surprised many within the arbitration community, the Supreme People's Court ("SPC") - the highest court in the PRC – has confirmed that an arbitration agreement choosing non-PRC arbitration institutions (such as the ICC in Paris) is valid even though the arbitration agreement is governed by PRC law.

Despite the confirmation, there are a number of issues to be clarified.

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