The China International Economic and Trade Arbitration Commission (CIETAC) recently published its new arbitration rules, bringing China’s arbitration regime closer to international practice. The 2015 rules amend CIETAC’s current rules implemented on 1 May 2012, and came into effect on 1 January 2015.
The changes in the 2015 rules are substantial. Among other things, they provide for complex arbitrations including multi-party and multi-contract arbitrations – single arbitrations under multiple agreements, procedures for consolidation, and joinder of third parties. They also provide for emergency arbitrator provisions and procedures for arbitrations conducted by the CIETAC Hong Kong Arbitration Centre.
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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-mailing Danian Zhang (Shanghai) at: danian.zhang@bakermckenzie.com
