Core Viewpoint - The newly revised Arbitration Law of the People's Republic of China, effective from March 1, 2026, aims to enhance international arbitration cooperation and establish China as a preferred destination for international commercial arbitration [1][2]. Group 1: Overall Development Requirements - The revised Arbitration Law consists of eight chapters and 96 articles, increasing by 16 articles compared to the previous version, and outlines the overall requirements for the development of arbitration, emphasizing the need for a market-oriented, legal, and international business environment [2]. - It broadens the scope of foreign-related arbitration cases and supports arbitration institutions in enhancing international exchanges and cooperation, indicating a significant upgrade in the arbitration system [2][3]. Group 2: Internal Governance System - The revised law defines arbitration institutions as public welfare non-profit legal entities, distinguishing them from administrative bodies and profit-making organizations, thus providing a legal basis for their independent operation [3]. - It establishes mandatory internal governance structures for arbitration institutions, enhancing their operational independence and aligning with their non-profit nature [3]. Group 3: Deepening International Cooperation - The law encourages arbitration institutions to strengthen exchanges with foreign arbitration bodies and international organizations, marking a significant legislative support for international collaboration [4][5]. - It provides a legal basis for domestic arbitration institutions to participate in the formulation of international arbitration rules, enhancing their service capabilities and international competitiveness [5]. Group 4: Enhancing International Presence - In the past five years, Chinese arbitration institutions handled approximately 16,000 foreign-related arbitration cases with a total amount of about 730 billion yuan, establishing China as a preferred location for international commercial arbitration [6]. - The law supports the establishment of business entities by arbitration institutions outside China and encourages parties to choose Chinese arbitration institutions, facilitating a more significant international presence [6].
开启中国仲裁事业国际交流与合作新篇章
Xin Lang Cai Jing·2025-12-24 19:52