The China Arbitration Summit 2018 was recently held in Beijing.
It was co-hosted by China International Economic and Trade Arbitration Commission (CIETAC), the Supreme People's Court of the People's Republic of China (SPC), the United Nations Commission on International Trade Law (UNCITRAL) and China Council for the Promotion of International Trade (CCPIT), said a statement.
Mr. Mahbubur Rahman, Chairman of Bangladesh International Arbitration Centre (BIAC) and the sole arbitrator appointed from Bangladesh by CIETAC attended the summit along with Mr. Muhammad A. (Rumee) Ali, CEO of BIAC and Mr. Ajmalul Hossain, QC, Barrister-at-law and Senior Advocate of the Supreme Court of Bangladesh.
As the most important event of the China Arbitration Week, the China Arbitration Summit 2018 was one of the most influential gatherings in the field of international commercial arbitration.
Representatives of major international arbitral institutions, judges, arbitrators, lawyers, in-house counsels and other leading figures in the field of arbitration were present and discussed the trends and social concerns in domestic and international arbitration development.
To celebrate the 60th anniversary of the New York Convention, the 2018 Summit presented an ideal opportunity to examine the most significant issues in domestic and international arbitration, to establish key contacts and to foster the spirit of international cooperation for arbitration community.
Ms. Teresa Cheng, Secretary for Justice, Hong Kong, China was the Keynote Speaker of the Summit and Mr. Jingzhou Tao, Partner of Dechert LLP (Beijing Office), France moderated the event.
CIETAC is one of the major permanent arbitration institutions in the world.
Formerly known as the Foreign Trade Arbitration Commission, CIETAC was set up in April, 1956 under the China Council for the Promotion of International Trade (CCPIT).
CIETAC independently and impartially resolves economic and trade disputes by means of arbitration.
BIAC is a not-for-profit organization and the only government licensed Alternative Dispute Resolution (ADR) institution in the country.
BIAC, by signing cooperation agreements, has received recognition as an ADR institution from 13 international ADR institutions including the Permanent Court of Arbitration (PCA), the Hague; the Asian International Arbitration Centre (AIAC), Hong Kong International Arbitration Centre (HKIAC), Singapore International Arbitration Centre (SIAC) and Thailand Arbitration Center (THAC) amongst others.
It has also signed MoUs with 20 banks, corporate and real estate entities, NGOs, universities etc. in Bangladesh.