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Vice President Li Hu Attended Seminar on International Commercial Law Frontier Issues under the Belt and Road Strategy

On 18 December 2016, the Launch of International Commercial Law Studies Center and the Seminar on International Commercial Law Frontier Issues under the Belt and Road Strategy was held in Central University of Finance and Economics (CUFE) by its Law School. Shi Jianping, Vice President of CUFE, Shen Sibao, Chairman of Chinese Research Society of International Economic and Trade Law, Guo Feng, Deputy Director of the Research Office of the Supreme People’s Court (SPC), Liu Jingdong, Deputy Chief Judge of the 4th Civil Tribunal of the SPC, and Yu Fang, Division Chief of the Department of Treaty and Law of the Ministry of Commerce, attended the seminar. Li Hu, Vice President of the CIETAC Arbitration Court,  attended the seminar upon invitation and delivered a keynote speech on the “Practice of International Commercial Arbitration and its Reference Value”.

Li pointed out that, international arbitration, as an internationally accepted disputes resolution method, has exhibited a converging trend in its development, the convergence of national arbitral legislations as well as the convergence of arbitration rules and practice. Arbitration institutions learn from each other and constantly promote the development of arbitration. We shall not adopt the take-over approach blindly when drawing on international arbitration experience, but need to adapt to the national conditions and the development needs of the local arbitration institutions after making reasonable distinctions and necessary reforms. Taking as an example the incorporation of the mechanisms of emergency arbitrator and joinder of additional parties in CIETAC 2015 Arbitration Rules, and in combination of the hot topics of ad hoc arbitration and amiable arbitration, Li specifically introduced CIETAC’s experience in drawing on international arbitration practice and his opinions on the preconditions of application of ad hoc arbitration and amiable arbitration in China.