Chinese-European Arbitration Center inaugurated in Germany's Hamburg
19/9/2008 16:52
The Chinese-European Arbitration Center (CEAC), the first international
arbitration center designed to resolve China-Europe trade disputes, was
inaugurated in this northwestern German city yesterday.
The CEAC was
initiated by Eckart Broedermann, chairman of the China-Europe Legal Association,
a non-profit organization which owns the CEAC and ensures its
neutrality.
"The CEAC serves as a bridge linking the Chinese companies and
Europe," Broedermann said in an exclusive interview with Xinhua.
"It is a
useful tool for dispute resolution in China-related trade and investment
matters, adapted to the needs of the international business and legal
communities," he said.
At present, the CEAC gets support from more than 400
lawyers from 44 countries and regions, including China, and clients can present
their cases in three languages -- Chinese, German and English.
The CEAC's
jurisdiction is recognized by courts across the globe, Broedermann
added.
Xinhua
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