SHIAC LAUNCHES NEW ARBITRATION RULES

The Shanghai International Arbitration Center (“SHIAC”), one of the leading arbitral institutions in the PRC, has launched new rules which will come into effect from 1 January 2024.

Key changes include new provisions for emergency arbitration (Article 25), single arbitration under multiple contracts (Article 15), disclosure of funding arrangements (Article 35.3), publication of desensitised and anonymised awards with party consent (Article 11), and “online” arbitration using the SHIAC “E-Platform” (Article 10).

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