On September 21, 2020, Hainan International Arbitration Court (“HIAC”) officially announced that upon approval at the first meeting of the first board of directors of HIAC, a number of domestic and foreign professionals were appointed as the new arbitrators of HIAC. Three lawyers from ZhongYin Law Firm, Wu Zetao, Liu Xiaoyu, and Zheng Songzhe, were enrolled in the new List of Arbitrators of Hainan International Arbitration Court (Hainan Arbitration Commission) with their rich experience in capital & securities, investment, financing & disinvestment, banking & finance, cross-border trade, dispute resolution and other areas.
Hainan International Arbitration Court (Hainan Arbitration Commission) is the only civil and commercial arbitration institution in Hainan Province established by the People's Government of Hainan Province in accordance with the law on May 21, 1996, and also the only inter-provincial arbitration institution outside the four municipalities directly under the Central Government nationwide. In the larger context of constructing Hainan Free Trade Port, HIAC was officially set up on July 29, 2018, becoming China’s second international arbitration institution establishing the corporate governance structure with the board of directors as the core after Shenzhen Court of International Arbitration. It is nationally-leading in terms of institutional innovation. In May 2019, HIAC was awarded the honorary titles of "Top Ten National Institutions" and "Ten Best Institutions for Foreign-related Services" in China's second-round evaluation of arbitration credibility. The arbitrator appointment reform is an important part of HIAC’s numerous institutional reforms and innovations. In order to continuously improve the quality of arbitration, HIAC has established an open talent introduction mechanism to openly select and recruit high-end talents with both ethics and law and proficient in practice to serve as leaders and arbitrators.
ZhongYin Law Firm is a leading large-scale comprehensive law firm that is standardized, specialized, and internationalized in China. By adhering to the service philosophy of “client first, professional cooperation, diligence and responsibility, quality and efficiency”, it provides clients with good and efficient legal services, known as “Founder of Listed Companies and Controller of Legal Risks”. Over the past 27 years, ZhongYin has effectively represented thousands of clients in the capital markets, on such issues as IPO, private equity/securities investment, trust, issuance of convertible bonds, litigation, arbitration, and dispute resolution.