China makes headway in building international commercial arbitration centers
In 2023, eight arbitration institutions in the pilot areas for the construction of China's international commercial arbitration centers handled a total of 79,000 cases with a value amount of 600 billion yuan (about 84.56 billion U.S. dollars), according to the Ministry of Justice.
A total of 2,251 foreign-related cases were handled and concluded by these institutions last year, accounting for 72 percent of foreign-related cases handled and concluded across the country, the ministry said at a press conference on Tuesday.
These numbers indicate that phased results have been achieved in the pilot areas, said the ministry.
In 2022, the Commission for Law-based Governance of the Communist Party of China Central Committee issued a document to carry out pilot projects for the construction of international commercial arbitration centers in Beijing, Shanghai, Guangdong and Hainan.
Related articles
Georgia court to review ruling allowing Fani Willis to stay on Trump case
ATLANTA (AP) — A Georgia appeals court on Wednesday agreed to review a lower court ruling allowing F2024-05-09Chinese hackers breached US ambassador to China's email account
Your web browser is no longer supported. To improve your experience update it here2024-05-09- The law change will mean that cough and cold medicines containing pseudoephedrine will be available2024-05-09
China is drilling some of the deepest holes in hunt for natural resources
Your web browser is no longer supported. To improve your experience update it here2024-05-09Croatia ruling conservatives will form government with a far
ZAGREB, Croatia (AP) — Croatia ’s ruling conservatives on Wednesday agreed to form a coalition with2024-05-09VOX POPULI: Sudden death of Navalny shows dangers of the truth in Russia
It is said there are two distinct “truths” in the cosmos of the Russian language.One is expressed by2024-05-09
atest comment