Innovations and Revisions are Made in the New CIETAC Arbitration Rules to Respond to International Trends and Market Developments
Arbitration, an internationally recognized dispute resolution method, plays an important role in protecting the legitimate rights and interests of parties, optimizing business environments, and promoting international economic and trade activities. The China International Economic and Trade Arbitration Commission (“CIETAC”) fully respects the fundamental principles of arbitration, independently, fairly and efficiently examines different kinds of arbitration cases based on law, promoting the sound development of arbitration.
Source: legalbusinessonline.com
