CIETAC South China Sub-Commission
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China International Economic and Trade Arbitration Commission (CIETAC) was set up in April 1956. It has ranked top of the five major arbitration institutions in the world in terms of number of acceptance of cases since 1992.

To promote foreign trade and provide better arbitration services to Hong Kong, Macao, Taiwan and overseas regions, the China International Economic and Trade Arbitration Commission South China Sub-Commission (CIETAC South China) was established in 1984 in Guangdong with the permission of the State Council upon the request by the Ministry of Foreign Trade, the Ministry of Foreign Affairs and the China Council for the Promotion of International Trade (CCPIT).

The CIETAC South China enjoys a wide reputation domestically and internationally for demonstrating the following features in handling cases:

Independence and Impartiality: The CIETAC South China is independent of any government agencies in . It independently and impartially resolves disputes between parties only according to facts and laws and is not subject to any other interference.

Professional Arbitrators: CIETAC arbitrators are famous specialists in legal, trade, investment, technical and financial fields. The CIETAC South China took the lead in listing foreign experts to the Panel of Arbitrators in 1984. At present there are more than 900 arbitrators on the list, one-third of which are foreign experts from more than 30 countries and regions.  

 Internationalized Arbitration Rules: The CIETAC has revised its Arbitration Rules for several times according to practice and experience. In addition, the CIETAC combined foreign experience in revising the Rules so as to make the Rules more internationalized and flexible.

International Enforceability: The arbitral award issued by CIETAC South China can be enforced in 142 countries under the New York Convention. In 1989, CIETAC South China's arbitral award gained recognition and enforcement under the New York Convention, which is the first time that a domestic award was recognized and enforced outside of Mainland China. Since then, the arbitral awards of CIETAC South China have been commonly recognized and enforced within and outside of China.

Diversified Dispute Resolutions: The CIETAC South China always upholds the idea of providing harmonious, efficient and cost-effective services to the trade circle by developing diversified resolutions for various disputes on the basis of traditional arbitration approach. The CIETAC South China enjoys a reputation for its innovations such as taking the initiative to provide mediation and arbitration services for the Canton Fair, offer free model contracts for trade dealers, and develop online trade mediation and arbitration system.


To contact CIETAC South China directly, please email to info@sccietac.org.

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Re: Re: CIETAC South China Sub-Commission
by melody618qw on 20 Oct 2008 18:46

Comment from an expert correcting Mr. Tarun's misunderstanding:


 According to the New York Convention with 143 member countries, an arbitral award is enforcible and only subject to very limited judicial review (only when corruption or undue process occurs, which is highly  rare).


That is, member countries  recognize and enforce  arbitral  award  between each  other, so the arbitral award is as good as, and even better than a court decision, since a national court decision can't be enforced out side of  its  home  country because there is no such international convention on court decision.






Quoting from [Tarun]:




Your fees is too high, and in most cases the either of party will have to move to court since you have no authority to actually execute the decision that you may reach.


Re: CIETAC South China Sub-Commission
by melody618qw on 20 Oct 2008 18:49

Comment from an expert correcting Mr. Tarun's misunderstanding:


 According to the New York Convention with 143 member countries, an arbitral award is enforcible and only subject to very limited judicial review (only when corruption or undue process occurs, which is highly  rare).


That is, member countries  recognize and enforce  arbitral  award  between each  other, so the arbitral award is as good as, and even better than a court decision, since a national court decision can't be enforced out side of  its  home  country because there is no such international convention on court decision.

Comment from an expert correcting Mr. Tarun's misunderstanding:


 According to the New York Convention with 143 member countries, an arbitral award is enforcible and only subject to very limited judicial review (only when corruption or undue process occurs, which is highly  rare).


That is, member countries  recognize and enforce  arbitral  award  between each  other, so the arbitral award is as good as, and even better than a court decision, since a national court decision can't be enforced out side of  its  home  country because there is no such international convention on court decision.

Re: CIETAC South China Sub-Commission
by melody618qw on 20 Oct 2008 20:13

Enforciblity of an Arbitral Award:



 According to the New York Convention with 143 member countries, an arbitral award is enforcible and only subject to very limited judicial review (only when corruption or undue process occurs, which is highly  rare).


That is, member countries  recognize and enforce  arbitral  award  between each  other, so the arbitral award is as good as, and even better than a court decision, since a national court decision can't be enforced out side of  its  home  country because there is no such international convention on court decision.

 

 

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Cietac south china sub-commission
Author: Admin

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