Dispute Resolution Mechanism for the Belt and Road Initiative

This book examines resolution of the disputes between both sides of Belt and Road economic cooperation. To address the problems surrounding legal guarantee and dispute resolution, the International Academy of the Belt and Road has gathered almost 50 experts from over 30 Belt and Road countries and regions to utilize current advances in the dispute resolution mechanism, taking into account the legal systems, legal environment and historical and cultural characteristics of Belt and Road countries and regions. The dispute resolution mechanism presented advocates giving priority to mediation when a dispute arisesarbitration is necessary only when mediation is ineffective. In addition, arbitration should be highly transparent, show respect to both contracting parties, and be equipped with an appeal system. This hands-on book offers detailed explanations of mediation rules, arbitration rules and appeal procedures. On the one hand, this mechanism embodies the integrationof the cultures, traditions, legal systems, legal values and legal thoughts of Belt and Road countries and regions. On the other hand, it highlights the importance of mediation, which not only is the idea of oriental culture carrying forward traditional Chinese culture, but also follows the trend of dispute resolution. As a result, the dispute resolution mechanism established in this book is beneficial to the development of the Belt and Road Initiative.

Provides a "one-stop" dispute resolution model that covers intergovernmental disputes, investment disputes and commercial disputes in order to improve the efficiency of dispute resolution, and avoid procedural duplication and high costs Combines mediation, which reflects oriental cultures and values, and arbitration Considers mediation as a prerequisite for initiating arbitration so as to not only solve problems peacefully and efficiently, but also maintain a harmonious environment of continuous cooperation

Autorentext

Guiguo Wang is University Professor and Scholar of "1000 Talents", Zhejiang University, in Hangzhou, China; President of International Academy of the Belt and Road (Hong Kong, China); Eason Weinmann Chair of International and Comparative Law, School of Law, Tulane University, in New Orleans, USA .
Yuk Lun Lee is Vice President of International Academy of the Belt and Road (Hong Kong, China); chairman 2017/2018 of Tung Wah Group of Hospital; Honorary Permanent President of Hong Kong Commerce and Industry Associations, China.
Mei-Fun Leung is Vice President of International Academy of the Belt and Road (Hong Kong, China); Associate Professor of City University of Hong Kong; member of Hong Kong Legislative Council; Chair of Hong Kong Basic Law Education Association, China.

Inhalt
The Process.- The Background: Existing Systems.- Preparations for a B&R Dispute Resolution Mechanism.- Rules on B&R Dispute Resolution.- Annexes.- Appendices.