negative impact of the ChinaChem and CIETAC
decisions on investors due
ICC 23% ABA 19% CIETAC
20% Singapore International Arbitration Centre 61% London Court of International Arbitration 27% Note: Table made from bar graph.
and SCC earn their place in history as champions promoting and pursuing solutions to global problems.
One reason why CIETAC
might be of interest to the international circles of investor-state arbitration is that, in theory, CIETAC
arbitration rules might be used in such arbitration as quite a number of China BITs contain an article stipulating that the dispute may be referred to an ad hoc arbitral tribunal set up in accordance with the United Nations Commission on International Trade Law (UNCITRAL) rules of arbitration, or any other arbitration rules agreed upon by both parties.
After its initial success, CIETAC
arbitration has "cooled" considerably because of problems with the integrity of arbitrators.
The record in this case makes clear that Chi Mei's participation in the CIETAC
proceedings largely was limited to arguing the forgery issue.
party involved in a CIETAC
arbitral proceeding (166) could
Approved in 1988, Shanghai International Arbitration Centre (SHIAC), is also Known as Shanghai International Economic & Trade Arbitration Commission (previously CIETAC
ICC 337 Vienna 70 CIETAC
267 Stockholm 63 AAA 252 British Columbia 40 Hong Kong 185 Singapore 12 LCIA 72 (approx.