China Encourages Mediation in Business Disputes –in Non-Public Sector
(BE2C2) — Chinese chambers of commerce are being encouraged to set up mediation committees and hire mediators to settle business disputes in non-public sectors.
The All-China Federation of Industry and Commerce (ACFIC) and Ministry of Justice have jointly issued a document to promote mediation of disputes by chambers of commerce, said an ACFIC press release Tuesday.
The document suggests that mediation committees be established by chambers of commerce to settle civil disputes raised by chamber members.
The policy is aimed at better serving about 25 million private firms and more than 60 million self-employed people across China, the statement said.
The mediation committees will help solve disputes between chamber members, or disputes between employers and employees, or between chamber members and other work units or people, the ACFIC said.
Mediators can be full-time or part-time and should be selected from among prominent business owners, legal consultants, trade union representatives and academics.
China has a “people’s mediation” method to resolve civil and commercial disputes outside judicial proceedings. People’s mediation committees are found in villages and towns, some enterprises and public institutions.
Saudi Arabia to Become Partner in CPEC, PM Imran Offers Same to UAE
SEP 20, 2018 (BE2C2): Minister for Information and Broadcasting Chaudhry Fawad Hussain on Thursday saidRead More
How Important Provinces Role Is In Seeking IMF Bailout Package
IRSHAD SALIM (Sep 16, 2018): Whether Pakistan borrows from the International Monetary Fund (IMF) orRead More