By Steven Chow(6) dispute settlementa. Lawsuit or arbitrationThe question for dispute settlement is lawsuit or arbitration. When I just graduated from law school and joined a big import & export company, I was asked by the general manager to review their sales contract. The first thing I noticed on the contract was that the dispute settlement clause said that both parties can choose litigation and arbitration as dispute resolution methods.According to article 5 of Arbitration Law of People’s Republic of China, Whereas the parties concerned have reached an agreement for arbitration, the people’s court shall not accept the suit brought to the court by any one single party involved, except in case where the agreement for arbitration is invalid. (more…)