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Arbitration has become the most momentous means among the alternative dispute resolution, not by a court trial. Particularly in international business transactions, arbitration is preferred over litig...
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Arbitration has become the most momentous means among the alternative dispute resolution, not by a court trial. Particularly in international business transactions, arbitration is preferred over litigation due to lack of understanding of language and legal culture, difficulties in case of possible bias, and prejudiced judgment in the court of the other country. Nevertheless, the private autonomous dispute resolution method, is inextricably linked to the role of the courts in advancing the arbitration proceedings and approving and executing the arbitral awards. With the utmost respect for the party s intention to resolve disputes by arbitration, there is little doubt that the court should consider the extent of its involvement in them to a minimum, and that it will need the court s procedural support for an efficient and swift resolution. It cannot be overemphasized that the most important thing in the process is the agreement of the parties. In other words, it is the position of precedent and practice that, when an arbitration violation is disputed in an approval or enforcement proceeding, it is most important that the agreement of the parties and the willingness of the parties are more important than the object or extent of the violation. The issue of waiving the right to appeal should not be mentioned by overextending the effect of arbitration agreements, and as the use of arbitration as a means of dispute resolution in various international business transactions, the disobedience of those who lost in the arbitration is increasing proportionately, too, citing various previously unforeseen reasons. It cannot be neglected that another dispute should not arise in the process of dispute resolution through arbitration. Equally accentuated is the need to accept international coordination or conformity in the process of overhauling and implementing institutional procedures for the development of arbitration procedures. The main purpose of this article is to introduce, with some analysis, the Supreme Court s cases and low-level court practices(II). In addition, after reviewing the 2016 Amendment Arbitration Act concerning the recognition and enforcement of arbitration awards and some issues that still remain open to interpretation(III), It will be examined briefly the current practices so far since the amended Arbitration Act in 2016(¥³). ÁßÀçÆÇÁ¤ÀÇ ½ÂÀΰú ÁýÇà(Recognition or Enforcement of Arbitral Awards), ÁßÀçÆÇÁ¤ Ãë¼Ò»çÀ¯(Lawsuit for Setting Aside Arbitral Awards), ÁßÀçÇÕ ÀÇÀÇ ¼¸é¼º(the writing requirement of arbitration agreement), ÁßÀçÆÇÁ¤ ºÎÀÇ ±¸¼º°ú ÁßÀçÀýÂ÷(The composition of the arbitral tribunal or arbitral proceedings), ±¹Á¦Àû °ø»ç(international public order), 2016³â °³Á¤ ÁßÀç ¹ý(the revised Arbitration Act of 2016)
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