Building the arbitration credibility and the opening-up of arbitration sector in Shanghai and Beijing FTZs are highlights of China's latest arbitration policies.
Belt and Road
In Dec. 2019, China's Supreme Court issued the second Belt and Road Initiative Opinions, introducing the “presumptive reciprocity” for the first time and addressing mutual enforcement of foreign judgments by international commercial courts.
"Opinions on Further Providing Judicial Services and Safeguards for the Construction of the 'Belt and Road' by People's Courts" (关于人民法院进一步为“一带一路”建设提供司法服务和保障的意见) was issued by China's Supreme People's Court on 9 Dec. 2019.
An empirical study, conducted by Prof. Liu Jingdong, analyzes China’s progress on recognition and enforcement of foreign arbitral awards since 2015, through a comparison between 81 cases in 2015-2017 and the pre-2015 replies issued by the Supreme People’s Court of China.
China's Supreme People's Court Judges Liu Guixiang and Zhang Yongjian Talk about China International Commercial Court at the Press Conference
Supreme People’s Court Judge Liu Guixiang (刘贵祥) and Judge Zhang Yongjian (张勇健) brief about the current situation of China International Commercial Court (CICC).
Chinese expert Prof. Yongping Xiao indicates, if China wishes to promote the Belt and Road Initiative (BRI), improvements in the international credibility of the Chinese judiciary is required.
For decades, China has adopted rigorous criteria for the recognition and enforcement of civil and commercial judgments rendered by a foreign court. However, the situation will undergo considerable changes.