BEIJING, Sept. 11 (Xinhua) -- On September 8, 2023, the seminar "Present and Future--Development of Dispute Resolution in China and Saudi Arabia", jointly hosted by Shanghai Arbitration Commission (SHAC) and Saudi Center for Commercial Arbitration (SCCA), was held in Shanghai.
The event brought together many professionals from renowned energy enterprises, universities and legal service providers at home and abroad, and served as a platform for exchange and cooperation.
The photo shows Fan Mingchao, Executive Deputy Director of SHAC, delivering a speech.
Fan Mingchao, Executive Deputy Director of the Shanghai Arbitration Commission, highlighted the significance and relevance of this event in the development of arbitration in both China and Saudi Arabia. The purpose of this seminar is not only to boost exchanges and cooperation between the two sides, but also to jointly explore innovative and feasible solutions to the challenges facing international arbitration, according to Fan.
Georges Affaki, Board Member of the Saudi Center for Commercial Arbitration, gave a keynote speech titled “Pathway for International Arbitrators to Conduct International Arbitration in Saudi Arabia”, in which he shared four key factors that need to be taken into consideration.
Hamed Merah, CEO of the Saudi Center for Commercial Arbitration, shared the progress in areas such as legislation in the field of diversified dispute resolution in Saudi Arabia. Han Zheng, Executive Partner of Shanghai Jin Mao Law Firm, gave an overview on the latest developments in dispute resolution in China.
During the roundtable session, guests from international arbitration institutions and legal service providers engaged in a discussion on the dispute resolution practice in construction and finance fields in the two countries, as well as the strength of Saudi Arabia as the seat of arbitration.
In the closing remarks, Sun Haihua, Deputy Director of the Shanghai Arbitration Commission, pointed out the significance of the event for the cooperation between the arbitration institutions of China and Saudi Arabia and for the development of arbitration along the Belt and Road. Hamed Merah, CEO of the Saudi Commercial Arbitration Center, expressed his gratitude to the SHAC for its efforts in hosting this event and his aspiration for more comprehensive cooperation between the two sides.
(Edited by Yang Linlin with Xinhua Silk Road, linlinyanglyn@163.com)
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