Foreign Arbitral Institutions May Apply for Establishment of Business Offices in Shanghai
ISSUING AUTHORITY:
Shanghai Municipal Bureau of Justice
DATE OF ISSUANCE:
July 1, 2024
EFFECTIVE DATE:
August 1, 2024
On July 1, 2024, the Notification on Administrative Measures for Establishment of Business Offices of Foreign Arbitral Institutions in Shanghai (the “Measures”) was published on the website of Shanghai Municipal Bureau of Justice.
The Measures consist of 28 provisions and specify that as from August 1, 2024, the not-for-profit arbitral institutions legally established in foreign countries, Hong Kong Special Administrative Region, Macao Special Administrative Region, Taiwan Region and the arbitral and dispute resolution institutions established by international organizations to which China is a member to carry out arbitration business (collectively “Foreign Arbitral Institutions”) may apply to Shanghai Municipal Bureau of Justice, which shall be responsible for the registration of establishment of business offices of the Foreign Arbitral Institutions. The Shanghai Municipal Bureau of Justice shall also carry out supervision and administration of their foreign-related arbitration business, the establishment of business offices in Shanghai to carry out foreign-related arbitration business in relation to civil and commercial disputes arising in the fields of international commerce, maritime affairs, investment, etc. The Foreign Arbitral Institutions must comply with the specific requirements and submit the materials as set forth in the Measures.
Reference:
關(guān)于印發(fā)《境外仲裁機構(gòu)在上海設(shè)立業(yè)務機構(gòu)管理辦法》的通知
