A Comparative Study On Arbitration System

It is an effective way to solve the civil and commercial disputes through arbitration system, which has been widely recognized and implemented as substitution for the solution of procedure of court. This system has become more and more important. This kind of arbitration system in Macao that was introduced from Portugal was begun in 1962. Since then, it had become localized. In 25 February, 1990, it announced as the initiative ~he law of arbitration system in Macao?and in 11 June, 1996, the decree of 29/96/M was announced to restrict the internal arbitration system in Macao. However, the popularity of this system in Macao was not so great. It was found that from the year of 1962 until now, there have never been any cases and arbitration organizations in Macao. Under such circumstances, it indicated that there was a lack of knowledge on arbitration system for Macao people. On the other hand, it reflected that the functions of this system itself and the level of importance from the government on this system was not enough. Therefore, in this text, through different important aspects of the arbitration systems in Macao, such as arbitration principle, arbitration organization, arbitration agreement and arbitration award, together with other countries and regions including the arbitration law in Mainland China to proceed the systematic analysis and the comparative study. It mainly focuses on these inadequate aspects to bring out the improvements on legislation and judiciary. In this way, Macao can become one of the international arbitration system organizations.