On 6 September 2023, 2023 China Arbitration Summit and the 3rd Belt and Road Arbitration Institutions Forum (“Summit”) was successfully held in Beijing. The Summit was co-hosted by China International Economic and Trade Arbitration Commission (“CIETAC”) and United Nations Commission on International Trade Law (“UNCITRAL”). Yu Jianlong, Vice Chairman of China Council for the Promotion of International Trade (“CCPIT”) and Vice Chairman of China Chamber of International Commerce (“CCOIC”), Anna Joubin-Bret, Secretary of UNCITRAL, Liu Guixiang, Permanent Member of the Supreme People’s Court (“SPC”)’s Judicial Committee (Vice-Minister Level) and Grand Justice of the Second Rank, attended the opening ceremony and delivered opening remarks. Wang Zhenjiang, Vice Minister of the Ministry of Justice (“MOJ”), delivered a speech via video. Zhang Shuming, Deputy Chief Judge of the Fourth Civil Division of the SPC, gave a keynote speech. Sun Chunying, First-Level Insp
Video gaming tycoon and technology entrepreneur Shi Yuzhu is facing more financial trouble after a Beijing court froze another 85.08 million yuan (S$18 million) in shares across four companies, doubling the amount of equity he is forbidden from withdrawing or transferring. The shares have been frozen for a period of three years by the Beijing Fourth Intermediate People’s Court, according.