Model Text of Dispute Resolution Clauses for Hainan Free Trade Port
From:HNAA 2024-08-21
Article X 【Dispute Resolution】Any dispute arising from or in connection with this contract, both parties shall negotiate amicably; if the negotiation fails, the dispute shall be resolved through the following [ ] way:
1. Ad Hoc Arbitration
The dispute shall be resolved by arbitration, the seat of arbitration shall be Hainan Free Trade Port, and Hainan Free Trade Port Ad Hoc Arbitration Rules shall apply.
Special agreement:
(1) The appointing authority shall be [ ]
Options: a. Hainan Arbitration Association (HNAA); b. Hainan International Arbitration Court (HIAC); c. Hainan Arbitration Center of China International Economic and Trade Arbitration Commission (CIETAC); d. Hainan Arbitration Center of China Maritime Arbitration Commission (CMAC); e. other arbitration institutions registered in Hainan Province.
(2) The number of arbitrators is [ ]
(3) The language of arbitration is [ ]
(4) The substantive law applicable to the contract is [ ]
(5) Other agreement
(Note: The parties may make special agreement on the above matters. The arbitral award is final and binding on both parties.)
2. Institutional Arbitration
Submit to:
(1) Hainan International Arbitration Court (HIAC)
(2) Hainan Arbitration Center of China International Economic and Trade Arbitration Commission (CIETAC)
(3) Hainan Arbitration Center of China Maritime Arbitration Commission (CMAC)
(4) Other Arbitration Institutions registered in Hainan Province [ ]
The arbitration shall be conducted in accordance with the arbitration rules currently in force of the institution. The arbitral award is final and binding on both parties.
(Note: The above recommendations are in no particular order, please check the box after selecting the arbitration institution, and please hit the remaining recommended arbitration institutions.)
3. Litigation
File a lawsuit with the people's court with jurisdiction in XX.