Arbitration in Taiwan

Chen & Lin Attorneys-at-Law
Shu-Wei Lo and Edward Liu
[email protected]; [email protected]

We are living in a world where national boundaries no longer matter as much as before because modern technologies have changed the way people communicate. This movement facilitates international commerce all across the world including China. As a result, disputes between entities of different jurisdictions inevitably arise. In China, disputes involving Taiwanese companies make up a significant proportion as Taiwanese companies have been doing business in the country for decades. Therefore, how to quickly and practically settle such disputes and to enforce rights is a matter requiring attention. It may first occur to you that filing a lawsuit in Taiwan could be a good choice, because that's where the counterparty has assets. Nevertheless, according to the internal guidelines of the Taiwan court, if a case is allowed to appeal to the third instance, a case may take more than three years before the judgment becomes final and binding. For parties pursuing a fast, cost-efficient, impartial and enforceable resolution, an agreement to arbitrate in Taiwan could be the answer.