On October 23, 2012, the Inauguration Ceremony of the “Nansha International Arbitration Center” was held in Nansha District, Guangzhou. The center, jointly established by the Administrative Committee of the Nansha Development Zone, the “Guangzhou Arbitration Commission”, the “Hong Kong International Arbitration Center” and the “WTC Macau Arbitration Center”, provides a virtual platform for cooperation and development of arbitrations in Guangdong, Hong Kong and Macao. The inauguration and formal operation of the center implies that the business environment of Nansha New Area has been further geared to the international practice. The Center will, in accordance with the UNCITRAL Model Law on International Commercial Arbitration as well as the arbitration rules of Hong Kong and Macau, formulate the arbitration rules of the Center.

The “Nansha International Arbitration Center” provides a virtual platform for cooperation and development of arbitrations in Guangdong, Hong Kong and Macao and encourages the utilization of the “Nansha International Arbitration Center” as a platform to promote the arbitration systems to the related government officials, legal and economic professionals in these regions. It is believed that with the advantages of arbitration system in these three regions, commercial disputes can be solved according to law and in a fair, impartial and timely manner, and cooperation within the three regions could be safeguarded by arbitral protection.