개성공단에서의 분쟁해결을 위한 중재규칙의 제정방향

A Direction of the Arbitration Rules for Settlement of Disputes in Gae-Sung Industrial Complex

&nbsp;&nbsp;The general agreements between North and South Korea says if there is no specific reason, North and South Korea recognize an arbitration award as binding parties and enforce equally it with a final decision of a pertinent court. A specific reason will be decided by an arbitration committee. Therefore it is necessary that we will enact arbitration regulations to meet a global trend by collecting information about an arbitration system in North Korea as much as possible and studying this field.<BR>&nbsp;&nbsp;We may comment more concretely the rules should contain an article for forcing a party&quot;s autonomy and suggesting a reasonable standard for appointing arbitrators. The period of rendering an award should be publicly specified in the rules as an instruction. The rules should specify detailed reasons why an award may not have a binding effect on parties. Finally parties should be opened even if it&quot;s treated as anonymous.