SELECT content FROM law_ref_lang_word WHERE word_id=190 AND lang_id=3 FirstLaw 第一國際法律事務所
【China Affairs】
  • Arbitration SystemandBodies                                                                                              

                    Arbitration is a legal arrangement whereby both parties to a civil (commercial)dispute reach
                    an agreement to voluntarily submit the case to a third party to adjudicate in accordance with
                    specified procedures and rules and following the principle of impartiality, and whereby both parties
                    are bound to enforce the ruling.

       ◎  China International Economic and Trade Arbitration Committee

                          The China International Economic and Trade Arbitration Committee is the arbitration agency
                          in China that handles international economic and trade disputes. It is headquartered in Beijing,
                          with branch offices in Shenzhen and Shanghai.

       ◎  Arbitration Committees

                          Arbitration committees are standingbodies established in capital cities of provinces, 
                          municipalities and autonomous regions. They can also be set up in other cities if  necessary,
                          not according to administrative hierarchy.
 

        ◎  Arbitration Tribunals

                          Organizationally, an arbitration tribunal can be a collegiate panel or a sole arbitrator.

                         1.A Collegiate Panel

                                 In case the parties agree to form a tribunal of three arbiters, each party should designate,
                                 or ask an arbitration committee to designate, one arbiter, and the third arbiter, who should
                                 be jointly selected by the parties or designated by the arbitration committee chairman
                                 jointly authorized by the parties, should be the chief arbiter.

                         2.A Sole Arbitrator

                                 In case the parties agree to form a sole-arbiter tribunal, the arbiter should be jointly
                                 selected by the parties or designated by the arbitration committee chairman jointly
                                 authorized by the parties.

  •  Essential Components of Arbitration                                                                                 

                     ◎  RulingOut the Jurisdiction of the Court

                           Arbitration or Adjudication

                     If the parties have reached an agreement on arbitration, it rules out the jurisdiction of the
                           court over the dispute; the parties can only apply for arbitration to an arbitration body rather
                           than bringing action to the court.

                     ◎  OneInstance Being Final

                     This means that the ruling takes effect immediately upon pronouncement. Even if the parties
                           are not happy with the ruling, they cannot file a suit to the court for the same dispute or apply
                           for arbitration or reconsideration to arbitration organizations.

                     However, parties may apply to the court for a review and verification of the case and annulment
                           of the arbitration ruling if they believe it is indeed wrong and conditions for a legal revocation
                           have been met.

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