Proposed Amendment to the PRC Arbitration Law – Will Mainland Arbitration Become the New Norm?

October 15, 2021 | BY

Hugo Yeung

China proposes landmark Arbitration Law reform, modernizing rules on enforcement of arbitral awards and asset preservation. Hong Kong likely to continue dominating the market for arbitration.

Credit: Sushiman/Adobe Stock

Summary

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  • Revised PRC Arbitration Law expected to adopt established international standards
  • Improvements in enforcement of arbitral awards and interim measures predicted
  • Mainland arbitral institutions not yet internationally competitive
  • Hong Kong likely to remain the favored seat of arbitration

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