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Judge Zhou Fan made an address at Inauguration Ceremony for China (Shanghai) Pilot Free Trade Zone Court of Arbitration
 

To Promote Advantages of Arbitration, to Show A New Chapter of Arbitration in China

 

Judge Zhou Fan
Deputy Presiding Judge
Civil Court Four
PRC Supreme People’s Court

 

Dear Distinguished Guests

Good Afternoon!

I am fairly honored to be invited to this Inauguration Ceremony. On behalf of Civil Court Four of Supreme People’s Court, I hereby present my most sincere wish to the China (Shanghai) Pilot Free Trade Zone Court of Arbitration (“FTZ Court of Arbitration”).

 

The China (Shanghai) Pilot Free Trade Zone (“FTZ”) is established based on the strategic decision by the Central Government, and is a significant measure to boost China’s reform and opening up under the new circumstances. This strategy is also significant for deepening the innovation and expanding the opening.

 

Legal support is compulsory for a satisfying commercial environment. A sounding dispute resolution system is the most important for a rule of law society. Arbitration is a key measure to settle disputes and remove frustration in trade and investment.

 

SHIAC has been known for advanced rules, flexible regime, and highly professional arbitrators. SHIAC has provided sounding arbitration and legal services to the parties from Shanghai, Yangtze Delta, East China and other places. SHIAC has a good reputation and brand.

 

I am glad to find that, as a systematic plan for dispute resolution in FTZ, SHIAC established FTZ Court of Arbitration and provided efficient services in line with international practices.

 

We believe SHIAC and FTZ Court of Arbitration will meet the demands of FTZ and fulfill its historic duties. They will modernize and internationalize the Chinese arbitration institutes and thus promote the arbitration in China to adopt the globalization of economy. SHIAC shall create new stage of arbitration by improving Chinese arbitration in world market.

 

The prospect of arbitration in developing FTZ is promising. SHIAC and FTZ Court of Arbitration will definitely accomplish more than imagined. The Supreme Court will insist on the principles decided in long-term judicial review, and always support the arbitration in China.

 

Meanwhile, the arbitration and its development connects tightly with judicial review by people's court. The arbitration and justice all respond to demands for remedy, and all pursue resolve disputes impartially and effectively. Arbitration need the justice support and supervision. Courts insure the legitimacy of arbitral awards by means of supervising on arbitral procedure and public policies, and make the arbitration more persuasive to the public. The Supreme Court and courts of all levels strictly observe the principle of support and supervise, and have mostly respect the features of arbitration. The courts care about arbitration by protecting final and binding of arbitral award in order to show the impartiality and effectiveness of arbitration to the society. The courts encourage additional dispute resolution mechanism and support arbitration to function more in dispute resolution field.

 

The construction of FTZ need the powers from all society, including arbitral institutes. We hope that SHIAC to take this rare opportunity to import advanced regimes for international commerce arbitration, to develop itself to a more international and modern institute. We hope that SHIAC will surf bravely, explore toughly, make full contribution in promoting FTZ, and make arbitration more crucial in legal system environment and economy of China.

 

At last, my most sincere wish to SHIAC and FTZ Court of Arbitration.

 

Thank you!

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