(Source: CETV-1 2024-11-10)

On November 9, the Annual Forum on International Commercial Dispute Resolution was held at the Law w88 casino of the w88 casino. Experts in the industry start by exploring new ideas for international commercial dispute resolution to help the development of international multilateral economic and w88.

Experts said that international commercial dispute resolution is an effective channel to manage risks in the process of interconnection between domestic and foreign enterprises, and is a necessary option for resolving differences and achieving win-win development.

Professor Xue Yuan of the Law w88 casino said: International commercial dispute resolution includes three main forms, namely litigation, arbitration and mediation. Arbitration is the main method of international commercial dispute resolution and arbitration plays an important role in dispute resolution.

As of the end of 2023, more than 270 arbitration institutions have been established across the country, and a total of more than 5 million cases have been handled, with a total subject amount of 8 trillion yuan, playing an important role in serving economic development and opening up to the outside world. On November 4 this year, the "Draft Revision of the Arbitration Law of the People's Republic of China" was submitted to the Standing Committee of the National People's Congress for review for the first time. This is an important revision of the current "Arbitration Law" since its implementation in 1995. This revision plans to add a place of arbitration system to encourage foreign-related arbitration parties to choose an arbitration commission of the People's Republic of China and agree on the People's Republic of China as the place of arbitration to conduct arbitration, striving to enhance the credibility and international competitiveness of arbitration.

Professor Xue Yuan of the Law w88 casino said: On the basis of this document, we will move closer to the United Nations Model Law on International Arbitration. Because we want to create a preferred place for international commercial dispute resolution, which means we need to move closer to international rules in order to be recognized and recognized by overseas parties.

Attachment: Original link