As foreign-invested enterprises and foreign trade imports and exports play an important part in driving the city's economy, the provision of efficient and convenient commercial dispute resolution mechanisms and the establishment of mechanisms integrating commercial mediation, arbitration, and litigation are critical, added the bureau.

该局补充道，由于外商投资企业和外贸进出口在推动城市经济发展中发挥着重要作用，提供高效便捷的商事纠纷解决机制以及建立商事调解、仲裁和诉讼一体化机制至关重要。

"Customers can file a lawsuit or arbitration, if needed. "

“如果需要，客户可以提起诉讼或仲裁。”

US-based electric car startup Faraday Future said Monday China's property developer Evergrande has failed to live up to its end of the bargain by not making the promised payments, in a response to arbitration seeking to end a deal with the real estate company.

Evergrande said FF Top Holding commenced arbitration at the Hong Kong International Arbitration Centre on Wednesday, seeking to deprive Evergrande, owner of Season Smart, of any right as a shareholder to approve financing plans by Faraday Future in future, and terminate other agreements.

To assuage the Trump administration's criticisms, AT&T offered to submit pricing disagreements with other pay TV companies over Turner's channels to third-party arbitration.

The companies further offered not to black out programming during arbitration for seven years.

In addition, enterprises also need to submit a compliance commitment letter to promise it has no major violations of law, economic litigation or arbitration over the past two years.

In response, the Japanese consortium decided to take a legal action against the Algerian government at an international arbitration court.

"The education should be intensified to improve the quality of relevant case handling, but at the same time it's also necessary to take actions to retain talent, such as by offering them more opportunities to participate in international activities," said Liu, who is also deputy head of the China Academy of Arbitration Law.

He stressed the significance for Chinese judges to follow and figure out what is being heatedly discussed in the field of global arbitration, adding that high-quality judgements need to be open to the world to show China's ideas in resolving such disputes.

Wang Chengjie, deputy head of the China International Economic and Trade Arbitration Commission, welcomed exchanges with the court's judges to strengthen talent education and training.

After the appellate body under the WTO's dispute settlement mechanism got paralyzed in late 2019, a number of WTO members, including Australia, Canada, China and the European Union, jointly issued a ministerial statement that they have decided to establish the multi-party Interim Appeal Arbitration Arrangement in March 2020.

Amending the Arbitration Law will advance China's status as an international dispute resolution hub, and help align such activities in the country with global practice, said foreign arbitrators and legal experts on Tuesday.

They made the remarks after many members of the National Committee of the Chinese People's Political Consultative Conference, China's top political advisory body, called for improvements to China's legal system regarding arbitration last week, noting that revisions should be carried out in light of the characteristics and development trends of arbitration, combining China's real-time circumstances with international practice.

China's Arbitration Law, which came into force on Sept 1, 1995, is being discussed by the public after the Ministry of Justice presented a draft revision to the legislation for public consultation on July 30, 2021 in order to update the basic framework and bring it more closely in line with well-recognized international practice.

Mark Feldman, a law professor at the School of Transnational Law of Peking University and arbitrator of the Shenzhen Court of International Arbitration in Guangdong province, said many provisions in the draft reflect policy shifts that, if adopted, will help remove existing legal obstacles to China's continued development as an international dispute resolution hub.

Since many national political advisors suggested that the jurisdiction of China's arbitration authorities should be further expanded to include more disputes－such as those involving intellectual property rights, international investment, sports and antimonopoly－Feldman said that given that arbitrators often develop subject matter expertise in one of these areas, specialized rosters for particular subject matter areas are often appropriate.

Sports-related and international disputes should likewise be fully included within the permissible scope of arbitration.

Specialized arbitration rules and panels should be systematically studied and considered by working groups composed of experts from various jurisdictions, said Peter Neumann, arbitrator of the Shenzhen Court of International Arbitration and adjunct professor of law at California-based Pepperdine University.

China's arbitration system has made outstanding and commendable progress in recent years.

In particular, its Supreme People's Court, through various judicial interpretations, policies and reforms, has taken meaningful steps to bring the nation's arbitration and legal systems more closely in line with international practice, Neumann said.

"While the Arbitration Law provides an effective framework for domestic and foreign-related arbitrations where awards are to be enforced in China, supported by decisions of the courts among others, there are some gaps in the Arbitration Law as regards cross-border and international arbitration," said Kim Rooney, arbitrator of the Shenzhen Court of International Arbitration and a Hong Kong Special Administrative Region-based barrister.

Independence and impartiality of arbitrators can be enhanced by disclosure requirements to avoid conflicts of interest and sanctioned by effective disqualification rules and challenge procedures, said Peter Malanczuk, arbitrator of the Shenzhen Court of International Arbitration and adjunct professor of the faculty of law at the University of Hong Kong.

China has already become a major trading partner for many countries across the world, and arbitration has become a vital alternative to litigation in commercial disputes between its businesses and global companies, said Yu Yi, spokesman for Beijing-based China Council for the Promotion of International Trade.

The country's 270 arbitration institutions handled over 415,000 cases in 2021, involving a total of over 850 billion yuan ($127.42 billion)－a new high.

China has become one of the leading countries to use arbitration to resolve civil and commercial disputes, the CCPIT said.

Eager to deepen legal cooperation for the growth of the Belt and Road Initiative in an institutionalized way, the Beijing-based China International Economic and Trade Arbitration Commission formed partnerships with 32 overseas arbitration institutions last year.

The jurisdiction of China's arbitration authorities should be further expanded to include more disputes, such as those involving intellectual property rights, international investment, sports and anti-monopoly, national political advisors suggested.

Speaking at a bi-weekly seminar earlier this week to discuss revising the country's laws on arbitration, they said as China has already become a major trading partner for many countries across the world, arbitration has become a vital alternative to litigation in commercial disputes between its businesses and global companies.

The country's Arbitration Law, which came into force on Sept 1,1995, is being discussed by the public after the Ministry of Justice released proposed revisions to the Arbitration Law for public consultation on July 30, 2021.

With the in-depth development of the market economy and the deepening of reform and opening-up, the international competitiveness of arbitration does not meet the needs of foreign trade compared with the requirements for high-quality growth in the field of arbitration, said Xu Liquan, deputy head of the Committee on Social and Legal Affairs of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political advisory body.

New types of disputes such as international investment, intellectual property, anti-monopoly, and sports have different characteristics from traditional commercial disputes, therefore traditional commercial arbitration procedures cannot be fully applied, and arbitration procedures need to be set up according to categories, said Liu Zhenyu, a member of CPPCC National Committee and former vice-minister of justice.

Liu suggested that the Arbitration Law should make general provisions on the procedures generally applicable to commercial arbitration, and make in-principle provisions on special arbitration procedures that need to be applied in specific fields such as international investment, intellectual property, anti-monopoly, sports and other areas, or authorize arbitration institutions to make provisions in the arbitration rules.

"I think it is necessary and important to widen the arbitration scope to include disputes in certain fields, such as intellectual property, sports, and international investment.

She said it is meaningful to apply arbitration to solve disputes and protect athletes' rights.

Realizing the nature of arbitration as a highly efficient and effective way to solve disputes, athletes are enabled to extend their professional sports span.

The political advisors reiterated that the revision should be carried out in light of the characteristics and development trends of arbitration, combining China's reality and international practices.

In addition to further promoting institutional reform and development, and strengthening the independence, professionalism and credibility of arbitration institutions, Jiang Ping, a member of the CPPCC National Committee and former vice-chairman of the CPPCC Shanghai municipal committee, suggested the country's legislators and related government branches draw on the experience of international common rules to improve the global competitiveness of China's arbitration legal system.

They need to attach great importance to strengthening friendly judicial support and appropriate oversight over arbitration, in particular adhering to the internationally accepted procedural standards for judicial review, carefully studying the integration of domestic arbitration with foreign-related arbitration, and vigorously safeguarding the independence of arbitration, said Jiang.

It is also suggested to deepen international exchanges and cooperation in the field of arbitration with a focus on countries and regions participating in the Belt and Road Initiative.

In the past five years, the Xi'an Intellectual Property Tribunal and the arbitration offices and public legal service centers for Shaanxi FTZ were established in the Xi'an area to provide legal safeguards and services for high-quality economic growth.

"He said the committee will provide services such as intellectual property protection and international arbitration and accelerate Yangtze River Delta integration through cross-regional recognition of business certificates to make Hongqiao a global trade hub.

Enterprises such as the Beijing Capital Agribusiness Group, COFCO, Carrefour, Starbucks, Beijing Urban Construction Group and Beijing Energy Holding Co will display their latest products and services at the supply chain sub-exhibition area, while FESCO and online recruitment platforms Boss Zhipin and Zhaopin, as well as 34 law firms, seven arbitration agencies, and three notary offices with foreign business will attend the business services sub-exhibition.

Rui added that the administration will also make IP protection more convenient by building an integrated portal for legal and arbitration services.

There will also be five themed sessions on decarbonization, security and cooperation, justice and arbitration, digitalization and intelligence, as well as finance and insurance.

Experts suggest measures like central registration of rental contracts with standardized terms and provisions, transparent and comprehensive documentation of home ownership records, continued development and regulation of third-party lease-management companies (not secondary landlords), better arbitration of tenant-landlord disputes, and property rates and vacancy taxes to pay for local services.

Li suggested that car owners negotiate a settlement with Tesla or safeguard their legal rights through arbitration and lawsuits.

"A major challenge is to establish a well-rounded foreign-related financial justice mechanism for possible cross-border transaction disputes in the future, including international financial management and cross-border financial arbitration," she said.

The measures also state that the court will build a one-stop platform to resolve foreign-related financial disputes and improve the efficiency of litigation, arbitration and mediation, as well as set up a special mechanism where both domestic and international experts will be involved in the mediation process.

Representatives from the world's leading international arbitration centers, courts, tribunals and law firms also attended.

According to the 2017 annual report of the Singapore International Arbitration Centre, parties from India and China have remained strong contributors of cases to the center over the past six years.

"Hong Kong, as one of the major international financial centers, has advantages in a wide range of areas, including investment, risk assessment, finance, insurance, accounting, legal services and arbitration," Jin said at a seminar in Beijing.

The book, with seven chapters, not only recalls China's achievements of legislation, law enforcement, legal services, arbitration, talent education and international exchanges related to foreign affairs in 2022, but also presents major studies, papers and journals in these fields.

Li laid out requirements to improve mechanisms in IPR examination and authorization, administrative enforcement, judicial protection, arbitration and mediation, and industry self-discipline to bolster IPR protection across the board.

In the two courts, resolving international commercial disputes — through mediation, arbitration or litigation — depends on the litigants, meaning the three forms of resolution are integrated into one platform, which is China's innovative way of settling such cases.

To improve the quality of case handling, the top court said it has invited 10 influential international commercial arbitration institutes and two mediation institutes to join the platform.

She said China's Ministry of Justice is willing to work with its counterpart in Russia to continue to deepen practical cooperation in the fields of legislation, law enforcement supervision, judicial assistance, transfer of sentenced individuals, as well as legal services, such as lawyers and notary service and arbitration.

China's Arbitration Law, which came into force on Sept 1, 1995, is being discussed by the public after the Ministry of Justice released proposed revisions to the law for public consultation.

Wang Yanxia, a member of the National Committee of the Chinese People's Political Consultative Conference and deputy director of the sports department of the Beijing Organizing Committee for the 2022 Olympic and Paralympic Winter Games, said that the jurisdiction of China's arbitration authorities should be further expanded to include more disputes, such as those involving intellectual property rights, international investment, sports, and anti-monopoly.