Nature has its own way of healing and evolving. Similarly, as society continues to be confined by a global health crisis, signs of recovery and self-adjustment are starting to kick in. And it is not just potential vaccines that bring in the good news, if carefully inspected.
This issue zooms in on the frontiers of business, the pioneering work happening on subtle boundaries within the legal sector, and how the legal market of China’s hinterland is seeking to adapt.
Despite challenges such as operation shutdowns, widespread supply chain disruptions, reduced cashflow and a storm of rising geopolitical issues, an irresistible wave of change in the practice of dispute resolution is quietly brewing over numerous elements, including companies trying to modify or terminate their contracts to alleviate financial pressure, construction projects facing substantial delays, tech firms in a dilemma amid Sino-US tensions, and so on.
Our cover story, Force for change, takes us into the centre of the storm to explore the latest developments within China’s dispute resolution practice. Litigation financing is providing an alternative path for stretched companies that are stretched, but how does the future look like in China? Designed initially to cope with travel limitations, what are the pros and cons for the online dispute resolution (ODR) mechanism? A new policy allows foreign arbitration institutions to set up operational entities in designated areas in Beijing. What does that mean for companies? On these issues, senior practitioners share their views and provide a solid guidebook for companies in disputes.