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Foreign experts to advise on business disputes

Experts on a new panel set up to advise courts on international commerce said they expect to play a major role in helping foreign and Chinese litigants solve business disputes as well as help improve the country’s judicial image.
The International Commercial Expert Committee was established on Sunday as part of efforts by the Supreme People’s Court to implement both the rule of law and the Belt and Road Initiative, which was put forward by the central leadership in 2013.
It also aims to enhance international exchanges and cooperation and help courts resolve the rising number of international commercial disputes through arbitration, mediation and litigation.
“The committee shoulders the responsibility of providing a better business and legal environment for foreign and domestic investors and litigants, and it will try to help solve business-related cases in an efficient and low-cost way,” said Zhang Yuejiao, a former judge with the World Trade Organization’s appellate body.
She was among 32 experts from home and abroad-including Russia, the United States, the United Kingdom and Germany-who were named as members of the committee on Sunday.
The panel will assist in mediating between litigants involved in international commercial disputes and advise China’s two specialized courts-which opened in Xi’an and Shenzhen at the end of June-when they encounter difficulties with foreign laws, according to the Supreme People’s Court.

Resource: (China Daily) Updated

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