Shanghai boosted by new arbitration guidance

The publication of rules governing arbitration cases in the free trade zone which is being piloted in Shanghai is expected to boost the attractiveness of the area to foreign investors.

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The guidelines were issued by the Shanghai No 2 Intermediate People’s Court. Guo Junxiu, chief legal adviser of China Eastern Airlines, said: ‘Since the arbitration organizations usually don't have compulsory execution power, preservation before arbitration and execution after arbitration often remain as the two biggest concerns for parties involved in business arbitration cases.  Now with the new guidelines, parties will be more willing to resort to arbitration to solve their disputes.’ Source: ECNS

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