Recent developments at CIETAC | Practical Law

Recent developments at CIETAC | Practical Law

John Choong (Senior Associate), Freshfields Bruckhaus Deringer LLP

Recent developments at CIETAC

Practical Law Legal Update 7-386-8933 (Approx. 2 pages)

Recent developments at CIETAC

Published on 13 Aug 2009China, International
John Choong (Senior Associate), Freshfields Bruckhaus Deringer LLP
CIETAC recently moved its headquarters to new offices at the China Chamber of International Commerce Building. The move is reported to result in improved facilities for parties conducting arbitrations at CIETAC's premises. In recent years CIETAC has become one of the busiest arbitral institutions in the world and in 2008 established a new record by accepting 1230 cases.
On 27 June 2009, the China International Economic and Trade Arbitration Commission (CIETAC) moved their headquarters to new offices at the China Chamber of International Commerce Building. The move is reported to result in improved facilities for parties conducting arbitrations at CIETAC's premises. The expanded office space and improved facilities reflect CIETAC's commitment to arbitration in China.
CIETAC was established in 1954 as the Foreign Trade Arbitration Commission (renamed CIETAC in 1989) and in recent years has become one of the busiest arbitral institutions in the world. In 2008, CIETAC established a new record by accepting 1,230 cases, including 548 foreign-related cases and 682 domestic ones (for a tabular comparison of institutional statistics see Table, Institutional statistics). A total of 1,097 cases were resolved with a total claim amount of RMB 20.9 billion (about USD 3 billion). CIETAC's Domain Name Dispute Resolution Centre accepted 267 new domain name dispute cases during 2008 and resolved a total of 268 cases. Foreign-related disputes continued to rise, increasing by 28% from the previous year. Following amendments to the CIETAC Arbitration Rules in 2005, recent CIETAC cases have also adopted more flexible procedures, with an increasing number of cases where parties have determined their own procedures for the hearing, appointed an arbitrator from outside CIETAC's Panel of Arbitrators, determined the location of oral hearings and determined the language of hearings. In addition to its headquarters in Beijing, CIETAC has four sub-commissions in Shanghai, Shenzhen, Tianjin and Chongqing.
CIETAC's new address is as follows: 6/F, China Chamber of International Commerce Building, No. 2 Huapichang Lane, Xicheng District, Beijing 100035, P.R. China The telephone and fax numbers remain unchanged.