China Matters' Feature: Why Maritime Arbitration Is Increasingly Needed?
With emerging spotlighted disputes happening on the sea, the maritime arbitration industry is gaining increasing significance along with the development of maritime transportation services.
- With emerging spotlighted disputes happening on the sea, the maritime arbitration industry is gaining increasing significance along with the development of maritime transportation services.
- China Maritime Arbitration Commission (CMAC), founded in 1959 within the China Council for the Promotion of International Trade, is an international arbitration institution that settles disputes pertaining to admiralty, maritime, transport, logistics-related and other commercial issues agreed by parties.
- It will also be revealed how much it has contributed to the long-term advancement of commercial and maritime arbitration at home and abroad.
- What action will CMAC take next to fulfill its admirable goal of pushing ahead with the maritime arbitration in China?