Proposed Amendment to the PRC Arbitration Law – Will Mainland Arbitration Become the New Norm?

China proposes landmark Arbitration Law reform, modernizing rules on enforcement of arbitral awards and asset preservation. Hong Kong likely to continue dominating the market for arbitration.

14 minute readOctober 15, 2021 at 05:19 AM

Hugo Yeung

Proposed Amendment to the PRC Arbitration Law – Will Mainland Arbitration Become the New Norm?

Credit: Sushiman/Adobe Stock

Summary

Revised PRC Arbitration Law expected to adopt established international standards

Improvements in enforcement of arbitral awards and interim measures predicted

Mainland arbitral institutions not yet internationally competitive

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