CIETAC unveils new 2015 Arbitration Rules
The China International Economic and Trade Arbitration Commission (CIETAC) have recently announced important revisions to its Arbitration Rules, which will take effect on 1st January 2015. These revisions come just months after the LCIA and ICDR announced significant changes to their own rules, reflecting the dynamic and constantly evolving arena of international arbitration.
The last revision to the CIETAC rules in 2012 allowed arbitral tribunals to grant interim measures, and also permitted the consolidation two or more pending arbitrations into one single arbitration. They did, however, cause considerable confusion over the “CIETAC split”, whereby the Shanghai and Shenzhen sub-commissions broke away from CIETAC Beijing in a bid for independence. This confusion is clarified in the 2015 update, along with updates to the following key areas:
- Organizational updates (articles 1 and 2)
- Multiple contract disputes (article 14)
- Joining an additional party (article 18)
- Consolidation of multiple arbitrations (article 19)
- Appointment of emergency arbitrators (article 23.2 and Appendix III)
- Special provisions in relation to Hong Kong arbitration (articles 73-80)
Approaching its sixtieth anniversary in 2016 and handling 1300 cases annually, CIETAC is one of the major players in global arbitration, and these recent changes highlight its commitment to stay abreast of modern developments and keep pace with other leading arbitral bodies. The new rules aim to better reflect the needs of individual parties, improve the efficacy of arbitral proceedings, and bring the rules in line with international best practice.
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Image: By Joshua Doubek (Own work) via Wikimedia Commons
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