SCIA is Included in the Diversified Settlement Mechanism for International Commercial Disputes

On December 5, 2018, the Supreme People's Court of China (SPC) held a seminar on the diversified settlement mechanism for international commercial disputes and issued several documents including the Notice of the Office of the Supreme People’s Court on the Incorporation of the First Group of International Commercial Arbitration and Mediation Institutions into the "One-Stop" Diversified Settlement Mechanism for International Commercial Disputes (Notice). Shenzhen Court of International Arbitration (SCIA) and other four international arbitration institutions were the first to be included in the diversified settlement mechanism for international commercial disputes. 
 
According to the Notice, the parties to international commercial disputes  accepted by the SCIA may, under the Provisions of the Supreme People’s Court on Several Issues Concerning the Establishment of International Commercial Courts, and the Rule of Procedure for the International Commercial Courts of the Supreme People’s Court (Trial), apply to the SPC International Commercial Courts for evidence, property or behavioral preservation before or after the commencement of arbitration proceedings, or for revocation or enforcement of an arbitral award after such an arbitral award is rendered.
 
Mr. LUO Dongchuan, vice-president of the SPC, heads of the SPC Civil Adjudication Tribunal No.4 and International Commercial Courts, the representatives of the International Commercial Expert Committee and the judges of the SPC International Commercial Courts, as well as representatives of relevant arbitration institutions and mediation centers have attended the seminar. The seminar was chaired by Mr. ZHANG Yongjian, chief judge of the SPC Civil Adjudication Tribunal No.4. 
 
Vice-president LUO pointed out that the release of these documents marked the achievements made at this stage concerning the construction of international commercial courts and the diversified settlement mechanism for international commercial disputes. It was necessary to fully understand the significance of the "one-stop" diversified settlement mechanism for international commercial disputes in light of providing legal protection for the construction of the Belt and Road, to accelerate the development of adjudication mechanism of International Commercial Courts, to emphasize on the credibility of the platform, and to strengthen the promotion of the mechanism. 
 
SCIA Chairman Professor SHEN Sibao and President LIU Xiaochun attended the seminar and made speeches. Chairman SHEN Sibao expressed his views on the significance of the diversified settlement mechanism for international commercial disputes, the in-depth study of relevant rules, and the progress of the diversified settlement mechanism driven by cases, as well as the promotion of the mechanism, and put forward expert advice. President LIU Xiaochun pointed out in his speech: on the 40th anniversary of China's reform and opening up, the implementation of international commercial dispute settlement mechanism had special significance and was a powerful measure to deepen the reform and opening up. President LIU said that SCIA would continue with its best efforts at the internationalization of corporate governance structure, arbitrator panel composition, rule innovation and other basic work, and actively participate in and support the innovative development of China's diversified settlement mechanism for international commercial disputes, especially in respect of major cases interaction and coordination and the promotion of the mechanism, jointly building a Chinese hub of international commercial dispute resolution. President LIU also put forward suggestions on the relations between “one-stop" cooperation and the independence of arbitration institutions. 
 
The Notice of the Office of the Supreme People’s Court on the Incorporation of the First Group of International Commercial Arbitration and Mediation Institutions into the "One-Stop" Diversified Settlement Mechanism for International Commercial Disputes has been implemented since December 5, 2018. The Working Rules for the International Commercial Expert Committee of the Supreme People’s Court (Trial) and the Rule of Procedure for the International Commercial Courts of the Supreme People’s Court (Trial) came into effect from the same day.

Scene of the Seminar

Scene of the Seminar

Scene of the Seminar