ARTICLE · 08 JANUARY 2024
Market Intelligence Thought Leadership Award WinnerNew CIETAC Rules Come Into Effect
The updated arbitration rules of the China International Economic and Trade Arbitration Commission ("CIETAC"), one of the leading PRC arbitral institutions, come into effect today.
ChinaLitigation, Mediation & Arbitration
The updated arbitration rules of the China International
Economic and Trade Arbitration Commission ("CIETAC"), one
of the leading PRC arbitral institutions, come into effect
today.
The CIETAC 2024 Arbitration Rules
feature extensive revisions, including various new provisions to
reflect developments in international best-practice and anticipate
possible changes to the PRC Arbitration Law.
Key developments include:
- Expanded tribunal powers, such as those in
relation to decisions on jurisdiction, early dismissal, interim
awards, and the application of the CIETAC Guidelines on
Evidence.
- Enhanced provisions on commencement and consolidation
of proceedings, including a new ground for commencing a
single arbitration under multiple contracts or consolidating
arbitrations, and a new provision addressing non-compliance with
escalation clauses.
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