Arbitration, a universally adopted dispute resolution mechanism, plays an important role in China's alternative dispute resolution system. The Arbitration Law of the People's Republic of China (the "Arbitration Law"), which was adopted in 1994, appears incompatible with the latest arbitration practice that has evolved along with China's economic development. Amendments to the Arbitration Law adopted in 2009 and 2017 made only minor changes to several of its provisions, far from satisfying needs in practice. On July 30, 2021, the Ministry of Justice issued for public comments a revision draft to the Arbitration Law (the "Revision Draft"), with a view toward making significant changes to the law. This article provides a brief review of some of the proposed revisions and analyzes their potential impacts.
