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International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Global | Publication | May 2014
The China (Shanghai) Pilot Free Trade Zone Arbitration Rules (the SFTZ Rules) published by the Shanghai International Economic and Trade Arbitration Commission (SHIAC).
SHIAC (also known as the Shanghai International Arbitration Centre) was previously the Shanghai subcommission of CIETAC, the most well-known of the Chinese arbitration commissions. However, as reported in issue 1, it recently broke away from CIETAC following the publication of new CIETAC arbitration rules in 2012. The issue of the SFTZ Rules, which took effect on May 1, 2014, therefore reinforce SHIAC’s new independence from CIETAC.
Highlights of the SFTZ Rules include
It is also disappointing that, in the absence of party agreement, the default language of proceedings is Chinese.
Parties can also apply to SHIAC to constitute an emergency tribunal (of one arbitrator appointed by SHIAC from its list) during the period between the acceptance of a case and the constitution of the tribunal.
This process may not be very familiar to readers outside of Asia, but it is commonly employed in China, in particular for small-value claims.
Publication
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
Another compliance deadline is approaching under the federal Pay Equity Act – federally regulated employers are required to file an annual statement with the Office of the Pay Equity Commissioner on or before June 30, 2025, if they posted a pay equity plan in the previous year.
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