Typical Cases Related to The Belt and Road

The Supreme People’s Court released the fourth batch of typical cases related to the “Belt and Road” construction, involved judicial review of commercial arbitration. The People’s Court of China has ruled that the foreign arbitration award involved in the case is recognized, and the property involved in the case has been sealed during the execution process, and the executor intends to evade the execution by transferring the sealed property and initiating another lawsuit to determine the ownership of the property. In the execution objection lawsuit in this case, the People’s Court determined that the transfer was not in good faith, and at the same time, promptly reviewed the effective judgment on the determination of ownership of the other case, reflecting the various effective measures taken by China’s courts to protect the cross-border execution of arbitration awards, and safeguarding the legitimate rights and interests of the countries jointly building the “Belt and the Road”.