CDR Magazine quotes Jue Jun Lu on China’s newly revised arbitration law
China has amended its arbitration law, aligning the framework more closely with
international best practice - with new provisions supporting the ADR method’s self-contained nature, allowance of ad hoc proceedings and a clear definition of the seat.
Jue Jun Lu, Partner in our Dispute Resolution and International Arbitration team, speaks to CDR Magazine and sheds light on the main amendments, their likely effects and whether it represents a step forward for China arbitration.
See a snippet of the interview below:
The new law is a significant development, and a commendable attempt at aligning the practice and legal regime of arbitration in the PRC with international best practice.
Although, the final package of reforms is less extensive than previously mooted, dialling back from some of the more ambitious reforms previously consulted – so parties choosing to arbitrate in China should look carefully at the new law and think about the implications of a lack of tribunal-ordered relief and the involvement of Chinese courts in jurisdiction matters – these issues might not arise in every case, but where they do then they could have an impact.
Read the full piece in CDR Magazine here.
