The China International Economic and Trade Arbitration Commission (CIETAC) recently announced the suspension of the Shanghai and Shenzhen sub-commissions for accepting and administering arbitration cases.
CIETAC South China Sub-Commission (CIETAC Shenzhen) and CIETAC Shanghai Sub-Commission (CIETAC Shanghai) refused to adopt CIETAC’s 2012 Arbitration Rules, which came into effect on 1 May 2012.
Instead, CIETAC Shanghai published its own arbitration rules based on the CIETAC 2005 rules and announced that it is an independent arbitration commission, namely the CIETAC Shanghai Commission. Similarly, CIETAC Shenzhen has announced that it will retain the 2005 rules.
See Resolution revolution, page 39
Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker & McKenzie by e-mail at: Zhang Danian (Shanghai) danian.zhang@bakermckenzie.com
