CONTENTS
- 1. International Relations | System Understanding and Utilization Strategy
- - The State of the Republic of Korea
- 2. International Relations | Legal Concept and Effect
- - Targets and Requirements
- - Copyright (c) 2010 - 2020 SQUARE ENIX CO., LTD. All Rights Reserved.
- 3. International Relations | Method of Arbitration and Arbitration
- - The Flow of International Affairs
- 4. International Relations | Governing Law
- - Arbitration Rules Enforcement
- - Disclaimer (Google Translation API)About using cookie
- 5. International Relations | Pre-Intermediate Business Checklist
1. International Relations | System Understanding and Utilization Strategy
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If the contract is a foreign company, it is difficult to expect adequate legal protection only by the domestic minor carrier.
Internationality is preferred by many companies, especially in the way the parties resolve disputes in accordance with the predetermined procedure and authority. News <% if (imgObj.width >= imgObj.height) { %>
The State of the Republic of Korea
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2. International Relations | Legal Concept and Effect
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Targets and Requirements
If the approval and enforcement of foreign arbitrations is required, the New York Convention will be applied and the arbitration proceedings will be included in both permanent arbitrators or individual arbitrators. News /span>
Also, the arbitration must be done in writing, and the arbitration clauses included in the contract are equivalent. News /span>
The cooperative applies to whether or not the legal relationship of the contractual property. News /span>
Copyright (c) 2010 - 2020 SQUARE ENIX CO., LTD. All Rights Reserved.
When inserting an item related to the international version, the following items must be clearly set. News /span>
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3. International Relations | Method of Arbitration and Arbitration
If the company first experience international material, it is more stable than the term News /span>
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The Flow of International Affairs
4. International Relations | Governing Law
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If the judge is invoked, the party must perform without delay. News /span>
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Arbitration Rules Enforcement
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Uniforms on the arbitral tribunal can proceed with the way to raise the cancellation of arbitral tribunal in the court. News /span>
is based on determining legitimateity and legality, News /span>
The parties who want to cancel the deletion can be filed within 3 months of the date of the arbitral proceedings after the court approval and enforcement decisions are confirmed, the cancellation claims are also prohibited. News /span>
The lawsuit can be cancelled when there are the following reasons: News
5. International Relations | Pre-Intermediate Business Checklist
check item | Considerations before international arbitration |
1. Adequacy of arbitration of disputes | - presence or absence of contractual arbitration clause -Suitable for arbitration due to its nature (not suitable for criminal and emergency injunction matters) |
2. Whether to try other means such as negotiation or mediation other than arbitration | Whether time and cost can be saved? Evaluation |
3. Whether contractual preliminary procedures (consultations, etc.) have been implemented | If the conditions for initiating arbitration are not met, the claim may be dismissed |
4. Secure sufficient evidence and documents | Possibility of proof such as contract, notice, email, work log, etc. |
5. Rationality of expected profits compared to costs | Conducting arbitration proceedings, including attorney's fees, arbitrator/institution fees, expert fees, etc. |
6. Payability of the other party | Whether asset tracking is necessary? Review |
7. Enforceability of the award in the country where the other party's assets are located | Review whether a country is a party to the New York Convention, exceptions to public order, etc. |
8. Whether the statute of limitations or claim deadline has expired | Be aware of statute of limitations by country |
9. Political and economic situation Consider | Consideration of risks such as elections, exchange rates, and sanctions |
10. Consult with an expert specializing in mediation | -General litigation lawyers and arbitration lawyers have different ways of performing their work -Establishing strategies such as room for negotiation, strategic postponement, etc. Possible |
International arbitration is not just an alternative to litigation, but a safety measure that must be strategically designed from the contract conclusion stage.
The presence or absence of an arbitration clause, clarity of the content, selection of the arbitration site, language, and even the institution can all determine profits and losses worth hundreds of millions to billions of won in the future.
International brokers provide pre-marketing and document management, force on the right protection of the enterprise according to the use of heavy metals.
There is also the understanding of each country's compliance law, Please consult the expert opinions who have experienced the international case and accept from the actual interests of the international material. News /span>
