With arbitration being the preferred method of dispute resolution globally for international commercial contracts, China has recognized the need to modernize its arbitration system and bring it in line with international best practice as it embarks on high-value global investment projects. In this episode, Hu Ke shares insights about Beijing's pro-arbitration strategy; its ties to the Belt and Road and the Greater Bay Area initiatives; major reforms opening up the mainland market to foreign arbitral institutions, and more.
Hu Ke is a Beijing-based disputes partner at Jingtian and Gongcheng who specializes in international litigation and arbitration.
The China Law Podcast is a weekly podcast exploring China’s business and financial sectors from a legal perspective hosted by Vincent Chow. Get in touch at email@example.com with any feedback and ideas for future episodes.
01:16 Legislative background of arbitration in China
04:12 Arbitration as an index for a country's openness
06:45 Mainland-Hong Kong interm relief arrangement
10:10 Shanghai opening up to foreign arbitral institutions
13:58 Key areas for reform moving forward
Going Global – China’s Arbitration Reforms in 2019
Landmark First Order Under Mainland-HK Arbitration Arrangement Issued
PRC Arbitration Law (2nd Revision)