Author(s)

Bin Wang ¹

Affiliation(s)

¹ Heilongjiang Renda Law Firm, Harbin, Heilongjiang Province, 150000, China

Corresponding Author

Bin Wang

ABSTRACT

Commercial disputes usually refer to disputes arising from transactions aimed at profit. The settlement should take into account both effectiveness and efficiency. At present, the multi-party disputes in commercial arbitration are the hot and difficult points of commercial arbitration in China. However, the multi-party disputes of commercial arbitration in China are facing many challenges, such as the unbalanced development of dispute legal service industry, the poor convergence of settlement methods and the imbalance of the proportion of diversified dispute resolution mechanisms. We suggest that we should promote multi-party communication, give full play to the market mechanism, strengthen multi-party cooperation, establish a "one-stop" settlement mechanism and learn from international experience, so as to meet the challenges faced by multi-party disputes in commercial arbitration.

KEYWORDS

Multi-party, dispute resolution, commercial arbitration, challenges and innovations

CITE THIS PAPER

Bin Wang. Multi-party Dispute Resolution in Commercial Arbitration: Challenges and Innovations. Science of Law Journal (2024) Vol. 3: 21-25. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030803.

REFERENCES

[1] Bantekas I: Equal treatment of parties in international commercial arbitration, International & Comparative Law Quarterly, Vol. 69 (2020) No.4: 991-1011. 
[2] Wang J: Joinder Mechanism in International Commercial Arbitration: A Trend in the Digital Age? International Journal for the Semiotics of Law-Revue internationale de Sémiotique juridique, Vol. 37 (2024) No. 3: 923-942.
[3] Nedeljković B: Elza Reymond-Eniaeva: Towards a uniform approach to confidentiality of international commercial arbitration, Springer, Cham, Pravo i privreda, Vol. 59 (2021) No. 1: 72-79. 
[4] Behn D, Langford M, Létourneau-Tremblay L: Empirical perspectives on investment arbitration: what do we know? Does it matter? The Journal of World Investment & Trade, Vol. 21 (2020) No. 2-3: 188-250.
[5] Prasad S: Issues surrounding the use of third-party funding in international commercial arbitration[J]. International Arbitration Law Review, Vol. 24 (2021) No. 2: 135-158.

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