Bitcoin is protected as a virtual asset under Chinese law, but shall not be deemed as currency or financial product, as a Shanghai court decided in Li et. al. v. Yan et. al. (2019).
Insight: China Justice 中国司法洞察
Building the arbitration credibility and the opening-up of arbitration sector in Shanghai and Beijing FTZs are highlights of China's latest arbitration policies.
No more notarization and authentication of a power of attorney; online verification is what those living overseas and wishing to appoint a Chinese lawyer need.
A total of 185 representative offices of foreign law firms in China had passed the 2019 annual examination, according to statistics disclosed by the Ministry of Justice in November 2020.
In 2021, China's Supreme Court's Guiding Opinions on the Professional Judges Meeting set out the latest requirements for the implementation of this Tink-Tank mechanism.
No, the agreement, at least the part relating to the organizational structure and internal governance matters, may not be arbitrable, says Beijing Second Intermediate People's Court in Tang v. Beijing XX Decoration Technology Company (2019).
Empirical studies in Chengdu Courts show that the COVID-19 pandemic prompted a widespread shift to online litigation, which has been unexpectedly popular among judges and litigants.
China's Supreme Court's Several Provisions on Providing Online Case-filing Services for Foreign Litigants (2021) provides an Internet platform for foreign parties to file cases with Chinese courts, and streamlines the case-filing procedures.
While applying blockchain to ensure the authenticity of electronic data, Hangzhou Internet Court has been upgrading its evidence rules in reviewing such e-evidence.