Tue, 05 Nov 2024 China Legal Trends CJO Staff Contributors Team
In 2023, Chinese courts processed over 16,000 commercial arbitration cases, achieving a 5.11% set-aside rate, a 95.73% support rate for preservation (interim measures) cases, and a 92% recognition and enforcement rate for foreign arbitral awards, highlighting its pro-arbitration approach.
Tue, 15 Oct 2024 China Legal Trends CJO Staff Contributors Team
China's first foreign-related ad hoc maritime arbitration case, involving a crew management contract dispute, was concluded in Shanghai, applying international practices and newly adopted local arbitration regulations.
Thu, 11 Apr 2024 China Legal Trends CJO Staff Contributors Team
In December 2023, Shanghai granted registration to the Korean Commercial Arbitration Board Shanghai Center, marking the establishment of the first foreign arbitration institution in the city under new regulations.
Fri, 05 Apr 2024 China Legal Trends CJO Staff Contributors Team
In December 2023, a Shanghai local court set a groundbreaking precedent by issuing investigation orders to assist arbitration institutions, marking the first instance of such support in China's legal landscape.
Fri, 05 Apr 2024 China Legal Trends CJO Staff Contributors Team
In November 2023, Shanghai became the first region in China to legalize ad hoc arbitration by adopting the “Regulations on the Promotion of the Establishment of the International Commercial Arbitration Center in Shanghai”.
Tue, 13 Feb 2024 China Legal Trends CJO Staff Contributors Team
In November 2023, the 2023 Asia-Pacific Regional Arbitration Group Conference (APRAG) kicked off in Beijing, focusing on international arbitration amid changing times, with China's Ministry of Justice announcing plans for an International Commercial Arbitration Center pilot project and Beijing's commitment to providing comprehensive legal services.
Wed, 15 Nov 2023 China Legal Trends CJO Staff Contributors Team
In September 2023, China’s Supreme People’s Court released its 2020 Annual Report on Judicial Review of Commercial Arbitration, aiming to standardize criteria, regulate judicial review power, guide arbitration institutions, and provide case materials for legislative amendments.
Wed, 08 Nov 2023 China Legal Trends CJO Staff Contributors Team
The China Maritime Arbitration Commission (CMAC) publicly revealed its first-ever arbitral award in an ad hoc arbitration case, marking a significant milestone in the utilization of ad hoc arbitration in China's maritime disputes.
Tue, 26 Sep 2023 China Legal Trends CJO Staff Contributors Team
In December 2022, the Supreme People’s Court of Vietnam upheld a trial court's decision to recognize and enforce an arbitral award from the Shanghai International Arbitration Center (SIAC).
Mon, 11 Sep 2023 China Legal Trends CJO Staff Contributors Team
In June 2023, the Shanghai International Arbitration Center (SHIAC) promptly froze the respondent’s bank accounts through an online system when handling the applicant’s property preservation application in a supply contract arbitration.