Political advisors debate revisions to arbitration law

By | 31.05.2022

Chinese National political advisors held on Monday for a bi-weekly meeting to discuss the need to revise China’s arbitration law.
china flags
The conference, which was organized in the National Committee of the Chinese People’s Political Consultative Conference, China’s most powerful government advisory group, was led by Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and the chairman of the CPPCC National Committee.

Wang suggested changes to China’s arbitration laws in a statement that said the changes is required to be conducted with regard to the specific characteristics and trends in the development of arbitration, and incorporating China’s current as well as international standards.

Demanding the speedy advancement of arbitration, both in domestic and international cases that involve foreign participants, Wang called on the experts on politics to share their expertise for a overhaul to address the present weaknesses of the system, strengthen its weaknesses and strengthen its strengths.

Ten experts and political advisors presented their ideas at the event, and around 80 advisors to the political parties expressed their views via an internet-based platform.

Some advocated that the jurisdiction of arbitration could be broadened to include disputes, including ones related to intellectual property rights international investments, sports, and anti-monopoly.

They also recommended a checks and balances system between the decision-making supervisory and executive departments within the arbitral institutions, to improve the trust of the public.

The advisors to the political party stressed the importance of the importance of having a solid background, education and appraisal of arbitrators in addition to efforts to encourage self-control in the industry.

They also suggested enhancing international cooperation and exchanges in the arbitration field with a particular focus on countries located along the Belt and Road.

Leave a Reply

Your email address will not be published.