China arbitration law

A good point for drafting commercial contracts governed by Chinese laws


I am reviewing a real estate sale and purchase contract under which my client bought a villa house in Pudong Shanghai, China.  My client has paid a down payment up to almost RMB 5 million. Now because of real estate policies imposed by central government, the deal is doomed to fail. Thus, client wanted his money back but the developer, as others in the industry …