China International Economic and Trade Arbitration Commission (CIETAC) Arbitration Rules on International Investment Disputes are now in force

October 2017

Pursuant to the press conference held on 19 September 2017 whereby the Vice-Chairman and Secretary-General of CIETAC (Mr Wang Chengjie) released the center’s brand new set of rules, previously approved by the China Council for the Promotion of International Trade, the “Investment Arbitration Rules” came into force on 1 October 2017.
According to Mr Wang Chengjie, this enactment filled the gap in the field of international investment arbitration in China, enriched and developed the investment arbitration practice in China, provided institutionalized protection for Chinese enterprises to resolve investment disputes with host countries and made a solid step toward further promoting the internationalization, legalization and facilitation of business environment in China.
The rules are currently available in Chinese language only. However, according to unofficial commentaries, they would expressly recognize third-party funding and require that the identity of the funder be disclosed without delay to the other party, the tribunal and the center.