Beijing’s authorities have announced that the Municipal People’s Congress Standing Committee has passed regulations to advance the establishment of an international commercial arbitration center.
According to China News Service, the 19th meeting of the 16th Beijing Municipal People’s Congress Standing Committee on Friday (September 26) voted to adopt the “Regulations on the Construction of the Beijing International Commercial Arbitration Center” (referred to as the “Regulations”). The Regulations comprise 34 articles and will come into effect on December 1 of this year.
The Regulations specify that Beijing will set up a physical platform for the international commercial arbitration center to provide professional services such as venue facilities, information sharing, cooperation and exchange, and education and training, aggregating high-quality domestic and international resources for commercial dispute resolution.
Xiong Jinghua, Deputy Director of the Legislative Affairs Commission of the Beijing Municipal People’s Congress Standing Committee, stated at the press conference that the Regulations outline the general requirements for constructing the international commercial arbitration center, including optimizing the arbitration development environment, supporting arbitration reform and innovation, building an arbitration system in line with international standards, highly concentrated resources, world-class institutions, professional and efficient services, and sound judicial support.
According to the Regulations, Beijing will promote the opening-up of arbitration institutions. For foreign-related arbitration cases, arbitral tribunals and emergency arbitrators can directly issue interim measures; support will be given for local arbitration institutions to “go global” and for renowned foreign arbitration institutions to “come in.”
The Regulations specify that Beijing will optimize policy services and the development environment. An international commercial arbitration and dispute resolution talent pool and an arbitration professional talent training base will be established; efforts will be made to strengthen the construction of arbitration culture and the promotion of relevant concepts, enhancing the arbitration system’s influence among market entities.
The Regulations propose to support local arbitration institutions in exploring the use of arbitration and other dispute resolution mechanisms and international practices, providing related services for Chinese enterprises to prevent and resolve disputes in overseas investments.
According to Legal Daily, in July 2022, the Central Committee for the Comprehensive Rule of Law deployed pilot projects for the construction of international commercial arbitration centers in Beijing, Shanghai, Guangzhou, Shenzhen, and Hainan Province.
Beijing has leveraged its concentration of legal resources and leading arbitration institutions to build world-class arbitration bodies, deepening reform of systems and mechanisms. It has actively piloted internationally-aligned dispute resolution systems, planned the construction of high-end foreign-related think tanks, and accomplished 57 reform tasks in 22 categories. Through multi-party coordination among legislation, judiciary, arbitration, and mediation departments, it is promoting the entire chain of international commercial arbitration center construction.
In August 2024, the Beijing International Dispute Resolution Development Center was officially established, taking on key operational responsibilities as a physical platform to comprehensively support and safeguard the construction of the international commercial arbitration center.
In November of the same year, the Beijing municipal government executive meeting studied the “Regulations (Draft) on the Construction of the Beijing International Commercial Arbitration Center” to advance subsequent review work. The draft explicitly proposes building an arbitration system in line with international standards, highly concentrated arbitration resources, and sound, high-quality arbitration services, so as to establish a credible and influential international commercial arbitration center.
According to China News Service, the 19th meeting of the 16th Beijing Municipal People’s Congress Standing Committee on Friday (September 26) voted to adopt the “Regulations on the Construction of the Beijing International Commercial Arbitration Center” (referred to as the “Regulations”). The Regulations comprise 34 articles and will come into effect on December 1 of this year.
The Regulations specify that Beijing will set up a physical platform for the international commercial arbitration center to provide professional services such as venue facilities, information sharing, cooperation and exchange, and education and training, aggregating high-quality domestic and international resources for commercial dispute resolution.
Xiong Jinghua, Deputy Director of the Legislative Affairs Commission of the Beijing Municipal People’s Congress Standing Committee, stated at the press conference that the Regulations outline the general requirements for constructing the international commercial arbitration center, including optimizing the arbitration development environment, supporting arbitration reform and innovation, building an arbitration system in line with international standards, highly concentrated resources, world-class institutions, professional and efficient services, and sound judicial support.
According to the Regulations, Beijing will promote the opening-up of arbitration institutions. For foreign-related arbitration cases, arbitral tribunals and emergency arbitrators can directly issue interim measures; support will be given for local arbitration institutions to “go global” and for renowned foreign arbitration institutions to “come in.”
The Regulations specify that Beijing will optimize policy services and the development environment. An international commercial arbitration and dispute resolution talent pool and an arbitration professional talent training base will be established; efforts will be made to strengthen the construction of arbitration culture and the promotion of relevant concepts, enhancing the arbitration system’s influence among market entities.
The Regulations propose to support local arbitration institutions in exploring the use of arbitration and other dispute resolution mechanisms and international practices, providing related services for Chinese enterprises to prevent and resolve disputes in overseas investments.
According to Legal Daily, in July 2022, the Central Committee for the Comprehensive Rule of Law deployed pilot projects for the construction of international commercial arbitration centers in Beijing, Shanghai, Guangzhou, Shenzhen, and Hainan Province.
Beijing has leveraged its concentration of legal resources and leading arbitration institutions to build world-class arbitration bodies, deepening reform of systems and mechanisms. It has actively piloted internationally-aligned dispute resolution systems, planned the construction of high-end foreign-related think tanks, and accomplished 57 reform tasks in 22 categories. Through multi-party coordination among legislation, judiciary, arbitration, and mediation departments, it is promoting the entire chain of international commercial arbitration center construction.
In August 2024, the Beijing International Dispute Resolution Development Center was officially established, taking on key operational responsibilities as a physical platform to comprehensively support and safeguard the construction of the international commercial arbitration center.
In November of the same year, the Beijing municipal government executive meeting studied the “Regulations (Draft) on the Construction of the Beijing International Commercial Arbitration Center” to advance subsequent review work. The draft explicitly proposes building an arbitration system in line with international standards, highly concentrated arbitration resources, and sound, high-quality arbitration services, so as to establish a credible and influential international commercial arbitration center.