Core Viewpoint - Arbitration plays a crucial role in resolving commercial disputes, promoting international economic cooperation, and enhancing the market-oriented legal environment, supported by the Supreme People's Court's commitment to modernizing governance capabilities [1] Group 1: Arbitration Judicial Review - In 2024, national courts adjudicated 18,566 commercial arbitration judicial review cases, including 5,475 cases for confirming the validity of arbitration agreements and 11,016 cases for revoking arbitration awards [1] - The revocation rate for arbitration awards was maintained at a low 2.22%, with only 245 cases being revoked or partially revoked, while the preservation rate for arbitration cases was high at 98.90%, with 26,770 cases supported by the courts [1] Group 2: Cross-Strait Judicial Cooperation - In 2024, national courts reviewed 62 cases for recognizing and enforcing arbitration awards from Hong Kong, Macau, and Taiwan, with 53 cases approved, indicating strong support for cross-border commercial dispute resolution [2] Group 3: Multilateralism and International Arbitration - National courts adjudicated 42 cases for recognizing and enforcing foreign arbitration awards in 2024, with no cases rejected, reflecting a commitment to multilateralism and the accurate application of the New York Convention [2] - The report emphasizes the importance of supporting international commercial arbitration, providing a solid judicial guarantee for the development of international arbitration centers [2] Group 4: Principles of Judicial Review - The report outlines principles for judicial review of arbitration, including favoring the validity of arbitration agreements and maintaining the finality of arbitration awards [3] - Courts are encouraged to interpret arbitration agreements in a manner that supports their effectiveness, while strictly applying grounds for revocation and non-enforcement of arbitration awards [3] - The principle of good faith in treaty performance is emphasized, with courts adopting a stance that favors the recognition and enforcement of foreign arbitration awards [3]

Core Viewpoint - The Supreme People's Court emphasizes the strict application of circumstances for the annulment and non-enforcement of arbitration awards to maintain the finality of arbitration decisions [3]. Group 1: Arbitration Judicial Review Cases - In 2024, national courts adjudicated 18,566 commercial arbitration judicial review cases, including 5,475 cases for confirming the validity of arbitration agreements and 11,016 cases for annulling arbitration awards [1]. - Among the annulment cases, 245 were fully or partially annulled, representing a low annulment rate of 2.22%, while 8,335 cases were rejected [2]. - The report indicates that 27,069 cases of arbitration preservation were concluded, with a high support rate of 98.90% [3]. Group 2: Characteristics of Judicial Review - The report highlights the creation of a "arbitration-friendly" judicial environment, maintaining a low annulment rate and a high preservation rate [3]. - It also notes the continuous improvement of inter-regional judicial assistance, particularly in supporting arbitration in cross-border commercial disputes with Hong Kong, Macau, and Taiwan [3]. - The courts processed 62 cases for recognizing and enforcing arbitration awards from Hong Kong, Macau, and Taiwan, with 53 cases approved [3]. Group 3: International Arbitration Support - In 2024, national courts concluded 42 cases for recognizing and enforcing foreign arbitration awards, with no cases rejected, reflecting a commitment to multilateralism and the accurate application of the New York Convention [4]. - The recognized foreign arbitration awards included those from arbitration institutions in 15 countries, showcasing the courts' support for international commercial arbitration [4].

Core Viewpoint - The Supreme People's Court emphasizes the importance of arbitration as an effective method for resolving commercial disputes, promoting international economic cooperation, and enhancing the market-oriented legal environment in China [1] Group 1: Arbitration Judicial Review Report 2024 - In 2024, a total of 18,566 commercial arbitration judicial review cases were concluded by courts nationwide, including 5,475 cases for confirming the validity of arbitration agreements and 11,016 cases for revoking arbitration awards [1] - The revocation rate for arbitration awards was maintained at a low level of 2.22%, with only 245 cases being revoked or partially revoked [1] - The support rate for arbitration preservation cases was high at 98.90%, with 26,770 out of 27,069 cases supported by the courts [1] Group 2: Cross-Strait Judicial Cooperation - In 2024, 62 cases involving the recognition and enforcement of arbitration awards from Hong Kong, Macau, and Taiwan were concluded, with 53 cases being recognized and enforced [2] - This indicates the mainland courts' support for resolving cross-border commercial disputes through arbitration, enhancing economic cooperation with Hong Kong, Macau, and Taiwan [2] Group 3: Multilateralism and Foreign Arbitration - A total of 42 cases involving the recognition and enforcement of foreign arbitration awards were concluded, with no cases rejected [2] - The courts demonstrated a commitment to multilateralism and accurate application of the New York Convention, supporting international commercial arbitration [2] Group 4: Principles of Arbitration Judicial Review - The report outlines principles for judicial review of arbitration, emphasizing the interpretation that favors the validity of arbitration agreements [3] - Courts strictly apply the grounds for revocation and non-enforcement of arbitration awards to maintain the finality of arbitration decisions [3] - The principle of good faith in treaty performance is followed, with a stance that favors the recognition and enforcement of foreign arbitration awards [3]