China arbitrator dispute leaves foreign investors uneasy
The China International Economic and Trade Arbitration Commission (CIETAC), the national body responsible for resolving commercial disputes, has suspended its Shanghai and Shenzhen branches. The move has provoked concerns among foreign investors over the validity of existing contracts that stipulate the Shanghai and Shenzhen branches as arbitrators in the event of dispute.
According to the announcement on August 1, parties that have agreed to arbitration by CIETAC Shanghai or CIETAC South China (Shenzhen) should submit their applications to CIETAC in Beijing. Without the...
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