Insights / News
Insights / News
The International Commercial Mediation Center for the Belt and Road Initiative is a world-leading dispute resolution service, well suited to disputes that arise in relation to the Belt and Road development strategy, to promote economic co-operation along proposed Belt and Road routes.
The Belt and Road initiative aims to build connectivity and cooperation between China, the land-based Silk Road Economic Belt, and the 21st Century Maritime Silk Road.
The “Belt” refers to economic and overland transport links connecting China to Central Asia and Europe via six economic corridors, while the “Road” indicates a network of maritime routes connecting Asia, the Indian Ocean, the Middle East, Africa and Europe.
The Belt and Road initiative spans more than 70 countries, with an increasing number of non-Chinese investors, contractors and developers – including sovereign states – and more international contractors involved. As a recognised, world-leading provider of dispute resolution tools and services, ICC is well placed to handle Belt and Road disputes of any size and complexity.
A construction and infrastructure initiative on this scale will inevitably generate disputes. With an estimated US$900bn in projects planned or already underway, the project gives rise to a multitude of actual and potential disputes.
Robert Rhodes QC specialises in business crime (e.g. civil and criminal fraud, tax investigations, bribery and money laundering), international mediation and international arbitration (both as counsel and mediator / arbitrator), financial services, regulatory and disciplinary law
News 20 Oct, 2020