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Mr. Ma Yi, Vice Chairman & Secretary General of SHIAC attended 2019 World Lawyers Conference and made a speech


During the 9th-10th December, 2019 World Lawyers Conference was successfully held in Guangzhou. More than 800 government officials, representatives of judicial authorities and lawyer entities from 57 states and regions attended the event. Mr. Ma Yi, Vice Chairman & Secretary General of Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center, “SHIAC”)was invited to attend the conference and addressed in the session of International Commercial Dispute Resolutions.

 

Mr. Ma pointed out, with Singapore Convention on Mediation open for signature and the establishment of International Commercial Court, the integration of alternative dispute resolutions evolves: arbitration as a central point, mediation as a priority and justice as a safeguard. Bounding these three elements mentioned above, the mode of complementary advantages has become the rational choice for “Belt and Road” dispute resolution mechanism. Through the innovation of arbitration mechanism in Free Trade Zone, Shanghai International Arbitration Center promotes the China's arbitration actively in line with international practice.

 

Look backwards, the institutional innovation represented by the arbitration rules of the free trade zone accelerated the process of national arbitration in line with the international standards in past five years. It formed a complete mechanism consisting of the arbitration court, the arbitration rule and a set of judicial review on arbitration rules for free trade zones. Moreover, under the circumstance that the arbitration law not been revised, it shortened the gap in rules and practices between domestic and international arbitration institutions. 


Look afterwards, Lin Gang Special Area of Shanghai Free Trade Zone will be a pioneer leading international development for China arbitration in next five years. The plan allows some well-known overseas arbitration institutions to set up their branches running arbitration business  inside the new area. It means the overseas arbitration institutions will introduce their rules and case management methods into China, which is a big challenge to the whole legal regime of arbitration nationally, including the arbitration judicial review standards, the mechanisms for arbitration institution, arbitration culture, arbitration legal instruments as well as to the construction of professional community for arbitration.


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