BEIJING, July 9, 2024
/PRNewswire/ -- The first International Chamber of Commerce (ICC)
China Arbitration Day, jointly organized by the ICC International
Court of Arbitration and the ICC China, kicked off in Shanghai on July
4.
The event attracted more than 250 senior judges, lawyers,
arbitrators, and other professionals in the field of dispute
resolution from home and abroad, aiming to promote the development
of international arbitration and dispute resolution in China and to provide more efficient and
professional dispute resolution services for Chinese business
community.
International arbitration, as an efficient and professional way
to resolve international trade and investment disputes, plays an
irreplaceable role in maintaining global economic and trade order
and promoting international investment cooperation, said Yu
Jianlong, vice chairman of the China Council for the Promotion of
International Trade and vice chairman of the China Chamber of
International Commerce (CCOIC).
He added that the rapid development of the new energy vehicle
(NEV) industry has also brought new dispute resolution needs, and
Chinese business community is willing to work with the
international community to explore the dispute resolution
mechanisms in this sector, and to protect the sustainable
development of the industry.
Jia Yu, president of the Shanghai
High People's Court, emphasized the key position of judicial review
in international arbitration and said that Chinese courts will
actively support the development of international arbitration and
provide endorsement for the recognition and enforcement of foreign
arbitration awards.
Alexander G. Fessas, secretary general of the ICC International
Court of Arbitration and director of the ICC Dispute Resolution
Services, analyzed the latest development trends of international
arbitration worldwide and emphasized the important position of
China in the field of
international arbitration.
During the event, participants had a heated discussion on topics
such as "using technology to achieve fair, effective, and efficient
international arbitration procedures" and "the road to the future
of NEV".
The ICC China also translated the important report "Leveraging
Technology for Fair, Effective, and Efficient International
Arbitration Proceedings" into Chinese and released the Chinese
version during the event. The report clearly identifies the most
commonly used technologies to support current international
arbitration practices and makes valuable suggestions on how future
technologies can be utilized in international arbitration.
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SOURCE Xinhua Silk Road