New CIETAC Arbitration Rules 2012
16 March 2012
Mayer Brown JSM Legal Update
The newly revised arbitration rules of the China International Economic and Trade Arbitration Commission ("CIETAC") will come into effect on 1 May 2012. Amendments made to the existing rules, which had been in place since 2005, will bring about changes adding to the international character of CIETAC, currently one of the busiest arbitration institutions in the Asia Pacific region. We highlight the significant amendments resulting in the CIETAC Arbitration Rules 2012 (the "New Rules") and the practical implications of these amendments.