With the approval of the Shanghai Municipal People’s Government and in accordance with the Arbitration Law of the People’s Republic of China (the "PRC Arbitration Law"), the Council for Promotion of International Trade Shanghai founded the China International Economic and Trade Arbitration Commission Shanghai Sub-Commission in 1988, which acquired its new name as the Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center) (“SHIAC”) in 2013. SHIAC provides arbitration and mediation services for both international and domestic commercial disputes.
In 2013, following the establishment of the China (Shanghai) Pilot Free Trade Zone (“Shanghai FTZ”), SHIAC founded the China (Shanghai) Pilot Free Trade Zone Court of Arbitration for the purpose of resolving disputes under the innovative emerging legal system of the Shanghai FTZ. In the following year, SHIAC promulgated the China (Shanghai) Free Trade Zone Arbitration Rules (“FTZ Rules”), which were tailored for the Shanghai FTZ, in line with most recent international arbitration practices. The FTZ Rules, under the framework of the PRC Arbitration Law, provided for mechanisms such as interim measures, emergency tribunals, and independent mediation by non-members of the arbitral tribunal.
In 2014, under the Strategic Cooperation Agreement on International Aviation Arbitration, SHIAC, in cooperation with the International Air Transport Association and China Air Transport Association established the Shanghai International Aviation Court of Arbitration, the world’s first arbitration court for aviation.
In 2015, SHIAC set up the BRICS Dispute Resolution Center Shanghai, the first platform offering a dispute resolution mechanism for settling cross-border disputes among the BRICS countries.