China makes headway in building international commercial arbitration centers
Release time：2024-05-21 17:18:35 Source：Stellar Signals news portal
In 2023, eight arbitration institutions in the pilot areas for the construction of China's international commercial arbitration centers handled a total of 79,000 cases with a value amount of 600 billion yuan (about 84.56 billion U.S. dollars), according to the Ministry of Justice.
A total of 2,251 foreign-related cases were handled and concluded by these institutions last year, accounting for 72 percent of foreign-related cases handled and concluded across the country, the ministry said at a press conference on Tuesday.
These numbers indicate that phased results have been achieved in the pilot areas, said the ministry.
In 2022, the Commission for Law-based Governance of the Communist Party of China Central Committee issued a document to carry out pilot projects for the construction of international commercial arbitration centers in Beijing, Shanghai, Guangdong and Hainan.
- Previous：Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- Next：Amtrak train hits pickup truck in upstate New York, 3 dead including child
Related articles
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- California governor would slash 10,000 vacant state jobs to help close $27.6 billion deficit
- At least 1 dead in Florida as storms continue to pummel the South in a week of severe weather
- Sweetgreen says cleaner farming method will offset adding steak to its menu
- Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
- Gunmen abduct 9 students in Nigeria's north in the latest attack targeting schools
- Ireland beat Pakistan in a T20 for the first time
- Strong rebound to British economy ends 'technical recession'
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds
- A new plot twist for Baby Reindeer? Award
- Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
- My husband died in a snorkeling accident in Hawaii
- Angelina Jolie is accused of sabotaging her six kids' relationship with Brad Pitt
- Killing of airman by Florida deputy reminds of Black people being shot in their homes
- Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
- PGA CHAMPIONSHIP '24: Facts and figures for the PGA at Valhalla
- Veteran Costco worker reveals the ten best items up for grabs this month
- The Latest
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- South Korea stresses need for fair treatment for Line chat app operator Naver
Random recommendation
- Copyright © 2024 Powered by China makes headway in building international commercial arbitration centers ,Stellar Signals news portal sitemap