Reforms and Regulations in Chinese Banks – Developments and Recommendations for Improved Supervision (Published)
It is a well-known fact that the P.R.C. has been undergoing tremendous economic growth and commercial development. This has impacts not only on the Chinese economy but also on the world economy. This development is not possible without the participation on the nation’s banks. Therefore, in this paper, I first introduce the banking system in China. Then, I explore the developments in reforms and regulations within the Banks in China. I do so through analyzing 3 key areas of reforms: legal reforms, reforms in corporate governance, and structural reforms. Then, I discuss current trends in banking and finally give my recommendations for increased enforcement and increased competitive of China’s banks.
Keywords: Chinese banks, Reforms, Regulations., developments, improved supervision
The Necessity of Reforms within the Arbitration System under the ICSID Convention: Myth or Reality? (Published)
The present paper analyses the existing arbitration system under the ICSID Convention and explores what advantages and deficiencies the said system consists of. On the grounds of an objective appraisal of the positive and negative sides of the above-mentioned arbitration system, which are contained in the available literature, relevant to the topic, and selected arbitral practice, the proposed work explores how realistic the necessity of reforms of the said system is. Furthermore, based on the found results, the paper discusses the question whether the arbitration system under the ICSID Convention has to be only reformed or replaced as a whole. It argues that the system of rules, regulating the arbitration proceedings under the mentioned convention, has many deficiencies, but this in no way means that it has to disappear.
Keywords: Arbitration System, ICSID Convention, International Investment Law., Reforms