The Beijing Arbitration Commission (the “BAC”) is established on September 28, 1995, following the promulgation of the Chinese Arbitration Law. During the past two decades, the BAC had a hard strive for progress, and has therefore become one of the leading arbitration institutions in China with substantive international influence. By December 31, 2012, the BAC has accepted 22,034 arbitrations in total, with the amount in dispute of roughly 100 billion RMB. Long-term dispute resolution practice helps the BAC to constantly explore the causes of different types of disputes, while the sharply increasing caseload also urges the BAC to constantly seek the best means to resolve commercial disputes. It keeps thinking - Can dispute resolution services be customized when facing parties in different situations? What services can be done to effectively coordinate and satisfy those ever-changing and diversified interest requests from the parties? How can a dispute resolution institution always keep active and competitive?
Ever since its establishment, the BAC has realized that its core competitiveness lies in its capability of meeting the parties’ increasing requests and demands for resolving disputes. This not only makes the BAC to stick to its values of “independence, fairness, professionalism, efficiency”, but also means the BAC needs to be innovative with respect to its dispute resolution mechanisms, methods, and proceedings, and to try its best to keep cost-effectiveness, business creditability, cooperation relationship, and even commercial opportunities as expected by the parties. During the transitional period of China’s society, commercial conflicts are becoming more and more complicated with growing interests in dispute. And the development of the BAC’s diversified dispute resolution will then hinge on practice-oriented theoretical research. It is in order to resolve disputes timely, effectively, and thoroughly that the BAC has been paying close attention to adopt those leading ADR ideas globally, and promoting discussions of ADR theoretical and practical issues, either within the ADR community or socially. From this perspective, the BAC has had a truly strong sense of mission and responsibility from its early days.
Over the past two decades, the BAC has funded the Beijing Arbitration Quarterly (formerly the Beijing Arbitration Newsletter) to promote ADR related theoretical study, academic discussion, and experience sharing. It was based on profound investigation and extensive researches that the BAC started to provide independent mediation and construction dispute review services in addition to arbitration, and to set out the rules on construction arbitration appraisal procedure and arbitrator information disclosure. Meanwhile, with its fast growing financial strength, the BAC has sponsored and supported more and more academic projects, monograph studies, and training courses relating to diversified dispute resolution. Its wide vision and open mind is best shown with such extensive areas, complex researches, professional discussions it sponsored, as well as its forward-looking understanding of the parties’ expectations. This truly reflects the BAC’s ambition and passion to improve the diversified dispute resolution mechanism in China.
So far, diversified dispute resolution practice has not been covered by Chinese traditional legal education, which resulted in China’s discrepancy with the international general legal education, and more seriously, the lack of legal professionals who are familiar with international dispute resolution rules and practice, as well as the situation that domestic legal services could not fully meet the requirements of China’s booming economy. In view of it, the BAC made its decision to fund the BAC New Horizontal Translation Series (the “BAC Translation Series”) in 2013, where translations of foreign books that are of guiding significance to Chinese diversified dispute resolution, especially those of values for issues demanding urgent solution during China’s transitional period, will be selected, edited, and published into books, in hope of adopting foreign wisdom in solving Chinese domestic problem. The funding of the BAC Translation Series is also intended to improve the situation that Chinese translations of foreign works on diversified dispute resolution are insufficient, by means of importing the best original text books on diversified dispute resolution and practice guides, introducing international diversified dispute resolution innovations, so as to substantially improve Chinese legal professionals’ practical experience and skills in international diversified disputes resolution, and also, to enhance the international competitiveness of Chinese commercial dispute resolution industry.
It is well known that the translation of foreign law books is a tough job, and the payment to the translators is humble. It is never easy for excellent translation of law books to get published. In addition, since diversified dispute resolution is still not very popular among so many legal subjects, even for relatively popular topics like arbitration, excellent Chinese translation works are far from enough when people hope to read about it. Such plights, if not changed, will go against the development of Chinese diversified dispute resolution in the long term. The BAC Translation Series is based on the rich resources of the BAC, invites domestic and foreign prestigious experts to act as its editorial board members, encouraging and supporting professional translators to provide Chinese readers with excellent translation works of high-level foreign books on diversified dispute resolution, both theoretical and practical, the more the better. It is sincerely hoped that the BAC Translation Series will provide more fresh and valuable information and materials to Chinese academics and practitioners on diversified dispute resolution, helping them to strengthen their professional competence and skills, and promoting the harmonious development of Chinese economy.
Editorial Board of BAC Translation Series
September 2nd, 2013 in Beijing