Overseas arbitration institutions may set up business institutions in the new area of Shanghai Free Trade Zone near Hong Kong

| gov.cn

Xinhua News Agency, Shanghai, November 8 (Reporter Lan Tianming) at the Shanghai International Arbitration Summit Forum held on the 8th, The Shanghai Municipal Bureau of Justice has promulgated the measures for the Administration of overseas Arbitration institutions to set up Business institutions in the New Lingang District of the Free Trade pilot Zone of China (Shanghai). The measures say that from January 1 next year, overseas arbitration institutions may set up business institutions in the new area near Hong Kong in the Shanghai Free Trade Zone.

According to the Administrative measures, with effect from January 1, 2020, Arbitration institutions lawfully established in foreign countries and in the Hong Kong Special Administrative region of China, the Macao Special Administrative region and Taiwan for the purpose of non-profit, as well as institutions established by international organizations to which China is a member to conduct arbitration business, An application may be made to the Shanghai Municipal Bureau of Justice to register and set up a business organization in the new area of Shanghai Free Trade Zone near Hong Kong to carry out relevant foreign-related arbitration business.

The Administrative measures state that the foreign-related arbitration business that business organizations may carry out in respect of civil and commercial disputes in the fields of international commerce, maritime affairs and investment includes: case acceptance, trial, hearing and adjudication; case management and services; Business consultation, guidance, training, discussion.

According to the Administrative measures, if an overseas arbitration institution applies for the establishment of a business institution in a new area, it shall meet the following conditions: it shall be legally established abroad and shall survive for more than 5 years; the arbitration business shall be substantially carried out abroad and shall have a high international reputation; The person in charge of a business organization has not been subject to criminal punishment for intentional crime. At the same time, business institutions shall not carry out arbitration business in disputes without foreign factors. Business institutions may no longer set up branches or dispatched offices.

Overseas arbitration institutions may set up business institutions in the new area of Shanghai Free Trade Zone near Hong Kong

| gov.cn

Xinhua News Agency, Shanghai, November 8 (Reporter Lan Tianming) at the Shanghai International Arbitration Summit Forum held on the 8th, The Shanghai Municipal Bureau of Justice has promulgated the measures for the Administration of overseas Arbitration institutions to set up Business institutions in the New Lingang District of the Free Trade pilot Zone of China (Shanghai). The measures say that from January 1 next year, overseas arbitration institutions may set up business institutions in the new area near Hong Kong in the Shanghai Free Trade Zone.

According to the Administrative measures, with effect from January 1, 2020, Arbitration institutions lawfully established in foreign countries and in the Hong Kong Special Administrative region of China, the Macao Special Administrative region and Taiwan for the purpose of non-profit, as well as institutions established by international organizations to which China is a member to conduct arbitration business, An application may be made to the Shanghai Municipal Bureau of Justice to register and set up a business organization in the new area of Shanghai Free Trade Zone near Hong Kong to carry out relevant foreign-related arbitration business.

The Administrative measures state that the foreign-related arbitration business that business organizations may carry out in respect of civil and commercial disputes in the fields of international commerce, maritime affairs and investment includes: case acceptance, trial, hearing and adjudication; case management and services; Business consultation, guidance, training, discussion.

According to the Administrative measures, if an overseas arbitration institution applies for the establishment of a business institution in a new area, it shall meet the following conditions: it shall be legally established abroad and shall survive for more than 5 years; the arbitration business shall be substantially carried out abroad and shall have a high international reputation; The person in charge of a business organization has not been subject to criminal punishment for intentional crime. At the same time, business institutions shall not carry out arbitration business in disputes without foreign factors. Business institutions may no longer set up branches or dispatched offices.



Li Keqiang holds talks with Jamaican Prime Minister Holnis
Li Keqiang said that Jamaica is an important partner of China in the Caribbean region. Since the establishment of diplomatic ties 47 years ago, the two sides have always respected each other, equality and mutual benefit, and bilateral relations have...



What do banks care about when they take part in the Expo?
At the second Expo, foreign banks such as HSBC, Standard Chartered Bank and DBS Bank participated in the exhibition. What did they do at the exhibition? What do they care about? The reporter found that banks' participation in the Expo has turned more...



Changchun Changsheng Biotechnology Co., Ltd. Bankruptcy
On November 8, the website of the Shenzhen Stock Exchange issued a notice on the bankruptcy liquidation of the wholly owned subsidiary of Changsheng Biotechnology Co., Ltd., declaring Changchun Changsheng Biotechnology Co., Ltd. Bankrupt. ,





Sichuan: no for-profit Kindergarten in Residential District
Residential district supporting kindergartens shall not be run as for-profit kindergartens, private parks are not allowed to be packaged and listed as a part of assets, and resolutely correct the tendency of kindergartens to be "primary". The reporter...