CIETAC raises its game

November 24, 2014 | BY

clpstaff

The new CIETAC Arbitration Rules provide for emergency action, clarify the Hong Kong centre's role and expand use of the summary procedure. These changes show CIETAC is keeping up with global standards

China's main arbitration institution has announced major initiatives, such as provisions for emergency relief, clarification of the Hong Kong centre's role and an expansion of summary procedure coverage.

The CIETAC Arbitration Rules (Rules) also include revisions to the guidelines for complex transactions, such as those for consolidation, new directives for multiple-contract single arbitrations as well as the joining of third parties. An arbitration court has been established to take over certain roles from the secretariat. The new Rules, which will replace the 2012 Rules, will come into effect on January 1 2015.

“Further internationalisation is the theme,” said Zhong Lun Law Firm's Lijun Cao, who was involved in the discussion on revising the Rules. “CIETAC takes into account the latest developments of international arbitration in other jurisdictions, such as the emergency arbitrator (EA) procedure which is not provided for under Chinese law.”

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