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Rule of Law

Journal

1997

Hong Kong

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Full-Text Articles in Law

Contract Law In The People's Republic Of China, Mark C. Lewis Jan 1997

Contract Law In The People's Republic Of China, Mark C. Lewis

Vanderbilt Journal of Transnational Law

The emergence of the People's Republic of China (PRC) as a market power and the reversion of Hong Kong to PRC sovereignty in 1997 have focused the attention of the international business community on the PRC's willingness to enforce contractual obligations according to the rule of law. Some scholars have questioned whether the rule of law can ever be realized in China without a change in the basic system of governance. This Note attempts to answer that question, at least in the context of the Foreign Economic Contract Law (FECL), the law governing contractual disputes between Sino and foreign enterprises …