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November 6, 2013

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Free trade zone gets own court

A NEW court for civil and commercial cases and a prosecutor’s office were set up in Shanghai Pilot Free Trade Zone in the Pudong New Area yesterday.

The main functions are virtually identical to other courts and procuratorates, while services are appropriate to Shanghai FTZ, said officials.

The court can hear cases on investment, trade, finance and intellectual property related to the zone. The scope of cases will be adjusted to the demands of the zone’s development.

It will also speed up conciliation on commercial disputes, in cooperation with other legal bodies, said officials.

The court will have live online broadcasts of hearings and post policy and case information.

“We will select and train a team of experienced judges who are familiar with both domestic and international law to support the new court,” Guo Jian, the president of Pudong New Area People’s Court, said.

“They will also have an excellent command of English and a thorough knowledge of world trade rules.”

The prosecutor’s office will process criminal cases in the FTZ, especially graft, and carry out crime prevention in various fields.

The China (Shanghai) Pilot Free Trade Zone, which opened for business on September 29, is a testing ground for trade liberalization policies.



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