Chen Fengchao Attending the Maritime Silk Road (Quanzhou) International Forum on Judicial Cooperation & Delivering a Special Speech - Promote the Flourishing of the International Commercial Affairs Settlement Mechanism
On the afternoon of Oct. 27th, Chen Fengchao, Grand Judge of the Second Rank of the People’s Republic of China and President of Hainan High People’s Court attended the Maritime Silk Road (Quanzhou) International Forum on Judicial Cooperation and delivered a special speech concerning “innovation and improvement of the diversified settlement mechanism for international commercial affairs”.
In conjunction of the judicial practice of Hainan courts, Chen Fengchao introduced how Chinese courts are actively promoting the construction of the diversified settlement mechanism for international commercial affairs. Chinese courts are taking an initiative to promote the international, diversified and information-based development of the international commercial affairs settlement mechanism. The Supreme People's Court of China has promulgated instructions and improved relevant mechanisms to actively promote the construction of an international commercial affairs settlement center in Hainan. Through intensively signing agreements with a dozen domestic and foreign famous arbitration and conciliation institutions and establishing a high-level and professional “triad” settlement mechanism for international commercial affairs integrated with conciliation, arbitration and litigation, the Hainan High People’s Court is keeping on improving its capacity of solving international disputes. By relying on the achievements of smart court construction, Chinese courts are actively promoting the full-process online settlement of international commercial disputes so that the judicial demands of the parties of international commercial disputes for settling disputes in a convenient, effective and low-cost way can be met to the largest extent. For the past three years, Chinese courts have tried 136779 commercial and maritime affairs cases concerning foreign countries or Hong Kong, Macao and Taiwan, and many judgement documents for commercial and maritime affairs cases concerning foreign countries have been recognized and enforced in countries such as Germany, the United States, Britain, Singapore, Israel and South Korea. Therefore, the important role of justice in settling cross-border disputes has been further manifested.
Chen Fengchao said that Chinese courts will continue to adhere to the principle of extensive consultation, joint contribution and shared benefits, promote the international, diversified and information-based development of the diversified settlement mechanism for international commercial affairs, and contribute more “Chinese wisdom” and better “Chinese programs” for high-quality development through the Belt and Road Initiative.
Yang Wanming, Grand Judge of the Second Rank of the People’s Republic of China and Vice President of the Supreme People's Court chaired the seminar. Benkung Tavisa, Vice President of Supreme People's Court of Lao People's Republic; Nopen Potiloncia, Senior Grand Judge of the Supreme Court of Kingdom of Thailand; Ruan Wenyou, Vice President of Supreme People's Court of Socialist Republic of Vietnam and Asita Kumindel, Director of Asia-Pacific Regional Center of United Nations Commission on International Trade Law delivered special speeches. Paul Kivero, Grand Judge of Appellate Court & President of Lushoto Judicial and Administrative Institute of the United Republic of Tanzania made a written statement.
