Qianhai court provides judicial safeguard for a world-class business environment
Over the past four years since its establishment, Shenzhen Qianhai Cooperation Zone People’s Court has strived to provide judicial safeguard for a world-class business environment based on rule of law in the free trade zone.
The court has jurisdiction over all Shenzhen’s commercial cases that involve foreign, Hong Kong, Macao or Taiwan parties. It has accepted a total of 6,414 commercial cases involving foreign, Hong Kong, Macao or Taiwan parties from February, 2015 to April this year. Among them, 4,594 cases involve Hong Kong parties, ranking No.1 among all the courts in China.
“Qianhai court can ascertain laws that are applicable in China’s Hong Kong, Macao and Taiwan, and foreign countries and regions, which provides better protection of the rights and interests of investors. Therefore, Qianhai enjoys a more international business environment based on rule of law,” said Peng Liang, member of the judicial committee and judge of Qianhai court, adding that Qianhai court has committed to building Qianhai into an international commercial dispute resolution center.
According to the Shenzhen research team of the National Bureau of Statistics, around 76.5 percent of the enterprises show their willingness to enter into contracts that apply Hong Kong law with Hong Kong enterprises registered in Qianhai.
Qianhai has also established a diversified platform for settling international commercial disputes. Liu Xiaoxia is in one of the first batches of mediators appointed by Qianhai court. Liu said that Qianhai court is a more open platform whose formation of mediators is different from other courts. In Qianhai court, there are foreign mediators and mediators from China’s Hong Kong, Macao and Taiwan, thus providing the involved parties with more options for settling their disputes.
In January 2018, the Belt and Road Commercial Court-Connected Mediation Center of Qianhai was jointly founded by the Qianhai court and some 30 pundit organizations from home and from abroad.