Arbitration boost for China as foreign centers set up shop
March 31, 2016 | BY
Katherine Jo &clp articlesThe HKIAC, SIAC and ICC have opened rep offices in the Shanghai Free Trade Zone, a move that lawyers hope will raise the bar for Chinese and foreign-related disputes
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Efforts to raise the standards of arbitration in China received a major breakthrough recently, with three of Asia's most popular centers setting up representative offices in the Shanghai Free Trade Zone (FTZ).
Although they will not administer cases on the mainland, the development will enable closer cooperation with local institutions, promote global arbitration and best practices, as well as provide professional training and raise awareness overall, said James Kwan, a partner at Hogan Lovells.