The Chinese European Arbitration Centre (“CEAC”) is a modern arbitration centre focusing on trade with Chinese companies from a European base; “China” is here to be understood as “Greater China” (Mainland China, Hong Kong, Macao, Taiwan). Contrary to its name, CEAC offers arbitration of disputes under any contract worldwide involving not only China but also any other Asian jurisdiction (for example, a Canadian company enters into a contract with a European subsidiary of a Chinese company). CEAC was developed via a worldwide initiative including supporters from all five continents. It operates out of Hamburg, Germany, but does permit other choices of venue around the globe. Some German companies use the CEAC Hamburg Arbitration Rules (the “CEAC Rules”) in their arbitration agreements with Asian parties. Since the annual meeting of the International Bar Association (“IBA”) in Madrid in 2009, the CEAC community of users and supporters has met every year for an early morning breakfast during the IBA week.
A. Background and History of the Institution
1. Background and Concept
CEAC seeks to build bridges between China and other nations, thereby building a backbone to business. As foreign state court judgments are often not enforceable in China and Chinese state court judgments are often not enforceable in other jurisdictions, arbitration is an effective method to resolve disputes in a manner that is enforceable in both China and other jurisdictions.