On September 19, 2024, the Hainan Free Trade Port Financial and Investment Dispute Resolution Seminar with the theme of “Focusing on the New Development of Financial Investment and Activating the New Momentum of Dispute Resolution” was successfully held in Sanya. This Seminar, which was co-organized by China International Economic and Trade Arbitration Commission Hainan Arbitration Center (hereinafter referred to as “CIETAC Hainan Arbitration Center”) and China Council for the Promotion of International Trade Sanya Sub-Council (hereinafter referred to as “CCPIT Sanya Sub-Council”), aimed to provide ideas and solutions for Hainan to continuously deepen the opening-up and innovation in the financial field, create a first-class cross-border investment and financing environment, and promote the resolution of financial and investment disputes. Xu Yanbo, Secretary of the Party Committee of CIETAC, and Zang Aicun, Deputy Director of the Hainan Provincial Department of Justice attended the event and delivered speeches.

(Event Site)

Combined with the characteristics of arbitration and the advantages of CIETAC, Secretary Xu Yanbo stated in his speech that CIETAC’s nearly 70 years of dispute resolution experience has accumulated rich resources and potential energy and has tailored a toolbox for dealing with financial investment disputes. He stressed that the establishment of CIETAC Hainan Arbitration Center has also created a dispute resolution service platform for market parties in Hainan Free Trade Port. Secretary Xu Yanbo also put forward targeted guidance and suggestions on how to improve the legal service level of financial investment dispute prevention and resolution in the Hainan Free Trade Port based on its own characteristics and advantageous position.

(Xu Yanbo, Secretary of the Party Committee of CIETAC, addressed the opening ceremony)

Deputy Director Zang Aicun said in his speech that the Hainan Provincial Department of Justice coordinated the promotion of legislation in key areas and emerging areas, issued the “Hainan Free Trade Port International Commercial Arbitration Center Construction Plan” and “Hainan Free Trade Port International Commercial Arbitration Development Several Provisions”, and widely promoted the arbitration system to help the formal implementation of “Several Provisions”. He fully affirmed the rich experience and high-quality professional resources of CIETAC in financial investment dispute resolution, and highly expected CIETAC and CIETAC Hainan Arbitration Center to deeply participate in the construction of the financial investment dispute resolution mechanism of Hainan Free Trade Port in the future.

(Zang Aicun, Deputy Director of the Hainan Provincial Department of Justice, addressed the opening ceremony)

There were two main topics in this Seminar. The first topic was “Hot Legal Issues in Financial Disputes”, which was delivered by Tao Xiuming, Arbitrator of CIETAC and Partner of Beijing Jun Zejun Law Firm. With the title of “Judgment Opinions on Financial Investment Disputes”, Mr. Tao Xiuming introduced the current market situation of financial disputes, analyzed the common controversy focus and judgment opinions on financial disputes cases, and explained the latest judgment ideas and standards from both qualitative and quantitative perspectives combined with typical practice cases.

(Mr. Tao Xiuming Delivered a Keynote Speech)

The second topic was “Prevention and Resolution of Cross-border Investment Risks”, which was delivered by Ms. Liang Danni, Arbitrator of CIETAC and Associate Professor of Sun Yat-sen University School of Law. With the title “Protection of Overseas Investment Interests of Chinese Enterprises from the Perspective of International Investment Treaties”, Professor Liang Danni briefly introduced the international investment protection agreements signed by China and the common situation of political risks that Chinese enterprises might encounter in overseas investment, and explained China’s involvement in the ISDS cases combined with analyzing the Zhongshan Fu Cheng vs. Nigeria case.

(Professor Liang Danni delivered a Keynote Speech)

Lv Yan, Deputy Secretary-General of CIETAC Hainan Arbitration Center, made the closing conclusion for the seminar. She said that CIETAC Hainan Arbitration Center attaches great importance to Sanya’s strategic position and development potential as the southern gate of China, and has been actively supporting the development of Sanya Arbitration. CIETAC Hainan Arbitration Center hopes to continue to be a “connecting hub” between CIETAC and Hainan Free Trade Port in the future, to give full play to the professional advantages of CIETAC and to help build a financial investment arbitration platform, contributing to strengthening the construction of a legal system for financial investment.

(Deputy Secretary-General Lv Yan made the closing conclusion)

This event attracted more than 100 participants from government departments, enterprises, and legal circles. Those participants said that the successful holding of this seminar provided new solutions and new ideas for improving the level of financial investment dispute resolution in the Hainan Free Trade Port.