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September 14, 2012

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Local foreign-related commercial cases on the rise

THE number of foreign-related commercial cases continues to grow in Shanghai this year under the impact of the ongoing global financial crisis and the European debt crisis, the Shanghai Higher People's Court said yesterday.

Local courts accepted a total of 616 foreign-related commercial cases in the first eight months this year. Last year, the courts accepted 757 such cases and more than half of the suits were either withdrawn or settled under a judge's mediation.

Sheng Yongqiang, vice president of the higher court, said Shanghai courts will stick to the principle of "Mediation First" in dealing with foreign-related cases, including those involving plaintiffs and defendants from Hong Kong, Taiwan and Macau.

Sheng said mediation ensures efficient resolution of disputes instead of going through tedious and time-consuming judicial procedures, which is a win-win situation for both parties.

He also called for diversified solutions to resolve foreign-related cases through mediation. "We have found that foreign chambers of commerce and industrial associations are crucial in mediation. We welcome them to assist our judges and participate in the trial."


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