Presentation |
The Beijing Arbitration Commission (BAC) is a permanent
organization that provides a forum for the efficient and impartial
arbitration of disputes associated with contractual and other
property rights among citizens, legal persons and other
organizations. The BAC was established in 1995, upon approval by
the Beijing People's Government in accordance with the Arbitration
Law of the People's Republic of China. The BAC is comprised of one
Chairman, four Vice-Chairmen and several members, all of whom are
specialists and renowned experts in the legal, economic and trade
sectors.
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Functions |
The BAC accepts both domestic and foreign-related economic
disputes. The parties to such disputes may either select their
arbitrators from the BAC's list of arbitrators or entrust the
Chairman of the BAC to designate arbitrators to form the
arbitration tribunal. BAC arbitration tribunals hear cases and make
awards independently, on the basis of facts, in accordance with law
and by reference to international practices. BAC arbitration awards
are final and binding on both parties. In accordance with the
Arbitration Law, the BAC has assembled more than 200 arbitrators
from the legal, economic trade and high-tech sectors, all of whom
are highly regarded in their respective fields and maintain high
ethical standards. The BAC's list of arbitrators has been compiled
and is organized by speciality, including economic contracts,
technology contracts, intellectual property, real property,
engineering and construction, securities, trade and
investment.
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