The Mainland and Macao establish a new mechanism for mutual assistance in arbitration preservation

　　China News Agency, Beijing, February 25 (Reporter Zhang Su) The Supreme People's Court and the Macao Special Administrative Region signed the "Arrangement on the Mutual Assistance and Preservation of Arbitration Procedures between the Mainland and the Macao Special Administrative Region" (hereinafter referred to as the "Arbitration Preservation Arrangement"), This provides new institutional resources for properly resolving cross-border disputes and serving the moderately diversified development of Macao's economy.

　　Duan Nonggen, director of the Research Office of the Supreme People's Court, said at a press conference that the Arbitration Preservation Arrangement clarifies the types of preservation that can be taken, the applicable arbitration procedures, and the stages of applying for preservation.

　　When introducing the innovative highlights, he said that the Arbitration Preservation Arrangement further extends the mutual assistance to the pre-arbitration and arbitration, and promotes the full coverage of mutual assistance in the field of arbitration between the Mainland and Macao.

　　Duan Nonggen said that the Arbitration Preservation Arrangement will include all arbitration institutions established in accordance with Macau laws, which "reflects the central government's strong support for Macau's arbitration industry and Macau's legal service industry."

　　Liu Dexue, Director of the Legal Affairs Bureau of the Macao Special Administrative Region Government, attended the meeting online.

He said that through the relevant institutional arrangements, whether it is to strengthen and enhance the level and intensity of judicial assistance between the two places, or to further enhance the broader role of arbitration in resolving cross-border disputes, so as to further establish and improve diversification The dispute resolution mechanism, which provides strong judicial services and guarantees for the construction of the Greater Bay Area and the development of the Shenzhen Cooperation Area, will play a positive role in promoting it.

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