Arbitration and Mediation may be interesting tools to solve commercial disputes between parties involved in the Belt and Road Initiative.
Resolving trade disputes along the BRI
New Courts for the Belt and Road Initiative
In late January 2018, China announced the forthcoming creation of commercial courts dedicated to the “Belt and Road” initiative by the Supreme Court. This new judicial institution would consist of three courts. The headquarters would be located in Beijing. Court in Xian would settle commercial disputes over the new Continental Silk Roads; and in Shenzhen, the court would focus on the various issues related to the sea routes.
Resolving disputes related to OBOR
While infrastructure is at the core of the Belt and Road initiative, this project also requires the implementation of common commercial and legal instruments and rules for the states of the new Silk Road. The intensification of trade along the