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International Arbitration-Trends and Practices Seminar held in Shanghai

On April 27th, 2016, the Seminar of International Arbitration-Trends and Practices organized by Korean Commercial Arbitration Board and SHIAC, supported by Korea Ministry of Foreign Affairs and Shanghai Bar Association took place in Ritz-Carlton Shanghai Pudong. Over 130 representatives from Chinese and foreign law firms, enterprises, and universities attended the seminar.

 

Mr. Sung Bae JI, President of KCAB, Dr. Ma Yi, Vice Chairman and Secretary-General of SHIAC, and Mr. Yu Weifeng, President of SBA delivered remarks respectively. In President JI’s remark, he mentioned that as the increase of cross-border disputes, arbitration institute in the Asia-Pacific shall contribute itself to the economic growth by providing impartial and efficient dispute resolution services. Dr. Ma indicated that there was urgent demand for legal services including international arbitration as the tightening economic and trade relations between China and Korea. Arbitration would effectively resolve the disputes as well as promote the healthy development of bilateral trade and investment. President Yu said that, the Asia-Pacific becoming the crucial and active area in international commercial arbitration, more cooperation and communications between legal practitioners in the region including China and Korea should be initiated to develop the legal service standard in the region.

The two seminar sessions focused on topics of “Commercial Arbitration: Trends and Issues” and “Choice of arbitration sear for Asian Parties”. SHIAC arbitrators including Mr. Kap-You Kim, Mr. Joongi Kim, Mr. Chen Luming, Mr. Chen Sheng, Ms. Qiu Suo, and Mr. Yang Wantao were invited to deliver speeches with topics covering arbitration award enforcement outside of China, interim measures, finance arbitration, investment arbitration, seat of arbitration and applicable law.

The seminar provided a good opportunity for the communication between Chinese and Korean practitioners, enhanced mutual understanding, and significantly promoted arbitration industry in China, Korea and the Asia-Pacific.

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