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UK-China Alternative Dispute Resolution Seminar with UK Trade & Investment, China-Britain Business Council, CCPIT Mediation Center and China International Economic and Trade Arbitration Commission (CIETAC) as the co-sponsors was held in Beijing on 27 June 2008.
Nowadays, further economic globalization means opportunities for both UK and China. Enterprises in both nations have benefited much from the fast developed international economy and trade. However, disputes and conflicts between enterprises cannot be avoided in economic and trade activities. Arbitration and mediation, as alternative dispute resolution ways, are more and more widely accepted in the commercial circle due to their features of time and energy saving, low cost, efficiency, expertise and win-win purpose. Mr. Dong Songgen, the Vice Chairman of CCPIT & CIETAC, the Chairman of CCPIT Mediation Center made a speech at the opening ceremony of the Seminar. Mr. Dong pointed out that it is the best choice for enterprises to solve disputes and make further development by way of arbitration and mediation, which falls within the principal of constructing a harmonious society and world promoted by Chinese government. The arbitration and mediation circles of both nations have maintained long-term friendship and cooperation. Recently, the bilateral practical cooperation and academic exchange have been especially frequent and active. Such mutual cooperation and exchange may help the further development of both nations¡¯ arbitration and mediation, and enhance the friendly economic and trade relationship between them.
The delegation headed by Mr. David Lewis, the Lord Mayor of the City of London was visiting China during the Seminar. Mayor David Lewis attended the opening ceremony along with other delegation members and made an ebullient speech introducing the tradition and legal frame of UK commercial dispute resolution. UK enterprise representatives at Beijing and institutions in China took part in the Seminar, having discussion with Chinese enterprise representatives.
The Seminar covered three topics on Arbitration in UK, Arbitration in China and Comparison between the two nations¡¯ mediation system. Representatives from both nations¡¯ arbitration and mediation organizations and law firms, based on the two nations¡¯ legal system, main institutions and their rules, cases and case study, made analysis of the practical use of arbitration and mediation in resolution of international trade and economic dispute resolution. Speakers also answered delegates¡¯ questions. UK and China, with their own features on ideas, systems and operation of arbitration and mediation, learned from each other¡¯s strong points in this mutual exchange, which is of important meaning to better assist enterprise with dispute resolution.
Mr. Yu Jianlong, the Secretary-General of CIETAC attended the Seminar and made a speech on the topic of Arbitration in China and New Development of CIETAC Arbitration. In his speech, Mr. Yu made special introduction of 2005 CIETAC Rules, CIETAC Financial Arbitration Rules, the establishment of Tianjin International Economic and Financial Arbitration Center, and the lately updated CIETAC Panel of Arbitrators, which aroused much attention among the delegates.
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