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Open Access. Powered by Scholars. Published by Universities.®

Vanderbilt University Law School

2018

Commercial Law

Vanderbilt Journal of Transnational Law

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Full-Text Articles in Law

China's Belt And Road Development And A New International Commercial Arbitration Initiative In Asia, Weixia Gu Jan 2018

China's Belt And Road Development And A New International Commercial Arbitration Initiative In Asia, Weixia Gu

Vanderbilt Journal of Transnational Law

The policy centerpiece of President Xi Jinping's foreign strategy, China's Belt and Road Initiative (BRI), ambitiously aspires towards expanding regional markets and facilitating regional cooperation. In context of a rising volume of cross-border transactions generated by the BRI, a robust legal framework on dispute resolution is required to forge investor confidence and enable BRI's integral goal of economic integration. In light of the substantial levels of harmonization among arbitration laws, arbitration is argued to constitute a primary vehicle of international commercial dispute resolution in an economically integrated Asia under the BRI. It is against this backdrop that the Article argues …