Arbitration Institutions and Rules, Arbitrator's Fees, BAC, China, Costs in arbitral proceedings, Institutional Arbitration

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On 19 July 2019, Beijing Arbitration Commission a.k.a. Beijing International Arbitration Center (the “BAC/BIAC”) released its amended Arbitration Rules (the “Rules”) and Fee Schedule (the “Fee Schedule”), both of which will take effect on 1 September 2019.   An Overview of BAC/BIAC’s New Fee Schedule The amendments introduced many reforms to reduce the time and…

Arbitration, Consolidation, M&A

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YSIAC

Introduction In many commercial transactions, there will be multiple agreements among various parties, and those agreements often contain “entire agreement” clauses to ensure that the parties are bound only by the terms of the agreement(s) they sign. However, such a clause may be invoked and interpreted in a way surprising to the parties, especially in…

China, Hong Kong, ICC Arbitration, Lex Arbitri, Seat of the arbitration

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YSIAC

Longlide, Shenhua Coal and the issue ahead In a case regarded by many as a “milestone” for arbitration in China, Longlide Packing and Printing Co. Ltd. v. BP Agnati S.r.l (hereinafter “Longlide”) (Reply of the Supreme People’s Court to the Request for Instructions on Application for Confirming the Validity of an Arbitration Agreement in the…