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Editorial

The New CIETAC Arbitration Rules 2012

After more than two years of review by a working group and various consultations with arbitrators and practitioners, the China International Economic and Trade Arbitration Commission (CIETAC) has published its revised Arbitration Rules (the β€œ2012 Rules”), which will replace the existing Arbitration Rules which have been in place since 1 May 2005 (the β€œ2005 Rules”).

The 2012 Rules have been approved by the China Council for Promotion of International Trade and the China Chamber of International Commerce and will come into effect on 1 May 2012. They take into account the developments in modern international arbitration practice and contain new features such as the power to provide for interim measures and a conciliation process that is independent of the arbitral tribunal.

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