Cietac's financial disputes arbitration rules

Freshfield''s partner Michael J Moser and associate Liu Jing examine China''s new arbitration scheme to deal with financial disputes.

The China International Economic and Trade Arbitration Commission CIETAC, China's leading arbitration body, has introduced a new arbitration scheme to deal with financial disputes. The new scheme is set out in the Financial Disputes Arbitration Rules Financial Arbitration Rules, which came into effect on 8 May 2003. The Financial Arbitration Rules are an adjunct to the CIETAC Arbitration Rules of 2000.

However, they promise a faster and cheaper means for resolving disputes in China's growing financial...

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