As promulgated on December 2 of 2015, the Article 47 Section (2) of the Arbitration Law of ROC has been amended as following:

“A foreign arbitral award, after an application for recognition has been granted by the court, shall be binding on the parties and have the same force as a final judgment of a court and shall be enforceable.”

The Article 37 Section (1) of the ROC Arbitration Law stipulates that “the award shall, insofar as relevant, be binding on the parties and have the same force as a final judgment of a court”. A foreign arbitral award recognized by the court shall have the same legal binding force on the parties as amended.

 

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