Foreign-related laws to be enhanced
3 months, 2 weeks ago

Foreign-related laws to be enhanced

China Daily  

Lujiazui, Shanghai's financial center, forms a perfect backdrop to Shanghai's Bund. China is enhancing its legal framework governing foreign-related issues in order to better meet its opening-up and high-quality economic development, officials from the Ministry of Justice said on Friday. "We are also prioritizing the development of international legal services, with initiatives such as establishing international commercial arbitration centers in key locations like Beijing, Shanghai and the provinces of Guangdong and Hainan. The ministry said since 2023 it has selected 150 demonstration institutions for foreign-related legal services, supported Chinese law firms in establishing service outlets in markets involved in the Belt and Road Initiative, and selected 295 notary institutions to conduct remote video notarization services in collaboration with overseas embassies and consulates. Efforts are also underway to cultivate world-class arbitration institutions and law firms, establish a comprehensive legal service platform for the BRI, and improve mechanisms for verifying foreign laws, Wang said.

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