On 28 Dec. 2021, the Beijing International Commercial Court was formally established.
The Beijing International Commercial Court has specific jurisdiction over foreign-related civil and commercial cases of the first instance with the amount in controversy not exceeding CNY 5 billion in the Beijing municipal district.
According to the reply of the Supreme People’s Court (SPC) and relevant provisions, the Beijing International Commercial Court shall have centralized jurisdiction over cases involving the judicial review of arbitration and cases involving the review of foreign court judgments that fall under the jurisdiction of the intermediate courts in Beijing.
China’s two major international arbitration institutions, the CIETAC and the BAC, are both located in Beijing, and judicial review of their awards will be under the jurisdiction of the Beijing International Commercial Court.
This is the second international commercial court established in a local court in China after the Suzhou International Commercial Court. Previously, the SPC has established its two international commercial courts in Shenzhen and Xi’an in 2018.
Cover Photo by SEASON YU on Unsplash
Contributors: CJO Staff Contributors Team
