Book Description

In 2022, with the pandemic continually impacted the world economy, coupled with the ongoing competition among major powers and the ever-changing geopolitical landscape, China’s commercial dispute resolution has adapted to the new economic form, presenting new changes and embracing new development. In the field of commercial arbitration, the amendments to the Arbitration Law were being accelerated, as it has been included in the annual legislative review projects of the Standing Committee of the National People’s Congress. The Arbitration Association of China has been registered, attracting significant attention both within and outside the industry. Arbitration institutions, including the Beijing Arbitration Commission/Beijing International Arbitration Center, have improved systems and rules for online arbitration and hearings, innovated the supply of arbitration services, and promoted the development of arbitration practices. Meanwhile, China’s arbitration judicial review and the opening up of arbitration have also drawn a lot of attention and highlights. In the field of commercial mediation, “headquarters-to-headquarters” online dispute resolution has been comprehensively promoted in response to the call of the times. This has driven the effective linkage of various dispute resolution mechanisms such as litigation, arbitration, and mediation, achieving good results. Various mediation organizations are constantly improving their rules and innovating their service models, which strongly promotes the development of commercial mediation. In key professional sectors, the construction of the rule of law and dispute resolution are continuously adapting to the demands of new economic forms. Since 2013, BAC/BIAC has been continuously organizing industry experts to write the Commercial Dispute Resolution in China: An Annual Review and Preview (hereinafter referred to as the “Annual Review”), which is published globally in both Chinese and English. The Annual Review and the Annual Summit based thereon have become an important window for people at home and abroad to understand the development of China’s commercial dispute resolution, establishing an important platform for dispute resolution professionals at home and abroad to communicate and interact. The Commercial Dispute Resolution in China: An Annual Review and Preview (2023) continues to uphold the concept of being rooted in and serving practice. Through systematic reviews of industry overviews, key legal regulations and policies, analysis of model cases, observations on hot issues, and forecasts for the industry in the coming year, it provides support for market entities in making business decisions and enhancing risk prevention and dispute resolution capabilities.