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In August 2012, the People’s Republic of China enacted amendments to its Civil Procedure Law.
In February, we disseminated a Commentary discussing challenges parties to Indian cross-border transactions face when they invoke contractual dispute resolution clauses.
‘First, do no harm’ is a fundamental precept of the medical profession. Although not often cited by lawyers, this principle should also guide us when we assist clients in legal disputes and internal investigations involving companies doing business in the People’s Republic of China.
In March 2012, the China International Economic and Trade Arbitration Commission released amended arbitration rules that became effective on 1 May 2012.
On 16 April 2012, a new Saudi arbitration law was issued by Royal Decree No. M/34 and subsequently approved by the Bureau of Experts at the Council of Ministers in the Kingdom of Saudi Arabia.
In 2006, Grand Pacific Holdings Ltd commenced an ICC arbitration against Pacific China Holdings Ltd (In Liquidation) in an attempt to enforce a loan agreement worth US$40 million.