Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Printer Friendly Version
On 19 November 2014, the China International Economic and Trade Arbitration Commission (CIETAC) unveiled its revised arbitration rules, which will take effect from 1 January 2015 (the CIETAC Rules 2015).
In short, the revisions to CIETAC’s rules are not as comprehensive as those undertaken recently by the LCIA and ICDR, but there are small tweaks throughout the rules and the addition of significant new provisions bring the CIETAC’s rules in line with other key institutional rules that have been recently updated.
The key changes included in the CIETAC Rules 2015 are:
The CIETAC Rules 2015 are effective from 1 January 2015. If your CIETAC arbitration is pending before that date, the CIETAC arbitration rules effective at the time of ‘acceptance’ (ie acceptance of a case by CIETAC) shall apply to your dispute (CIETAC Rules 2015, art 84).
Accordingly, if you are already arbitrating under the CIETAC Rules 2012, you needn’t worry about the provisions of the revised rules, unless the parties agree that they should apply (and such agreement should be raised with the tribunal as a matter of good practice).
If your arbitration agreement specifies that the CIETAC Rules 2012 will apply to any future arbitration between the parties, and such a case is accepted by CIETAC after 1 January 2015, arguably party choice should prevail and the 2012 rules will govern your dispute, although this is not expressly dealt with in the CIETAC Rules 2015. It may be worth clarifying this point with CIETAC when submitting the request for arbitration.
Lexis®PSL Arbitration subscribers should note that more detailed analysis of the new rules will be published on LexisPSL in due course.
0330 161 1234