Risks to arbitrations as CIETAC Shanghai follows CIETAC Shenzhen and south China
On 11 April 2013, the arbitral institution formerly known as CIETAC Shanghai held a press conference to publicise its establishment as the Shanghai International Economic and Trade Arbitration Commission and its promulgation of a new set of institutional rules that will apply as of 1 May 2013. It will use the name the Shanghai International Arbitration Centre and the official short form of its name will be SHIAC.
Users of arbitration will be aware that this has arisen out of the well-publicised split in May 2012 between CIETAC Beijing and CIETAC Shanghai, South China and Shenzhen following a disagreement over the 2012 CIETAC rules. SHIAC has stated that its establishment has been approved by the Shanghai Municipal Government and agreed by Shanghai Commission for Public Sector Reform. CIETAC, which has set up new Secretariats in Shanghai and Shenzhen, has not yet responded but, as we reported on 22 January 2013, announced that the establishment of Shenzhen Court of International Arbitration (“SCIA”) or South China International Economic and Trade Arbitration Commission (“SCIETAC”) was null and void. We predict the reaction to this latest news will be in the same vein…
If you are registered and logged in to the site, click on the link below to read the rest of the King & Wood Mallesons briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
The New Companies Ordinance (NCO) will come into effect on 3 March 2014. It includes changes that affect the way documents may be executed.
Analysis from The Lawyer
Shanghai’s ground-breaking Pilot Free Trade Zone could mark the beginning of the long-awaited liberalisation of China’s legal services sector.
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast