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The New CIETAC Arbitration Rules 2012

April 2012 - Litigation & Dispute Resolution. Legal Developments by Oon & Bazul LLP.

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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 “2012 Rules”), which will replace the existing Arbitration Rules which have been in place since 1 May 2005 (the “2005 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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