Analyses of the Underlying Logic of Judicial Favouring Arbitration
Arbitration is generally favored by businessmen in the contemporary world,and encouraged and supported by various countries,with judicial favouring arbitration playing the most significant role,mainly because arbitration is based on party autonomy,which is conducive to reducing the burden on the courts,resolving disputes efficiently and effectively,and promoting commercial transactions.Unlike litiga-tion,arbitration meets the diverse needs of the parties for dispute resolution and is consistent with the goals of efficiency and justice in the legal process of dispute resolution.Arbitral awards are generally not set aside or unenforceable by the courts unless they seriously violate due process or the social public interest.An arbitral award is a reorganization of the parties'own disputes through the arbitrators,and the courts usually do not in-tervene in the substantive issues.Arbitration is based on contract,and judicial favouring arbitration is respect-ing party autonomy.
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