China Petroleum & Chemical Corp., Asia’s biggest refiner, said it lost 5.3 billion yuan ($709 million) from processing oil in the third quarter as crude costs rose and the government capped fuel prices.
Surging crude oil prices, inflated by “political, financial and regional” factors, will have a “relatively higher” impact on Sinopec, as the Beijing-based company [...]
On last Friday, China United Coalbed Methane Co Ltd (CUCBM) and Pacific Asia Petroleum Ltd, a subsidiary of Pacific Asia Petroleum signed an agreement to jointly develop coalbed methane resources in Shanxi Province. The potential gross gas resources covered by the agreement will exceed 10 trillion cubic feet (tcf).
The oil and gas field going to [...]
Germany-based tire manufacturing giant Continental AG plans to invest EUR150 million to construct its first Chinese tire producing plant in Anhui province, one of China’s car manufacturing hubs, said the company in a statement yesterday.
The new plant, with an estimated annual capacity of 4 million passenger tires, is still subject to the approval of the [...]
CHAPTER FIVE APPLICATION FOR CANCELLING ARBITRAL RULING
Article 58 If parties concerned have evidences to substantiate one of the following, they may apply for the cancellation of arbitral award with the intermediate people’s court at the place where the arbitration commission resides.
1. There is no agreement for arbitration.
2. The matters ruled are out the scope of [...]
Article 29 The parties concerned or legal attorneys may entrust lawyers or other attorneys to handle matters relating to arbitration. In the case where lawyers or other attorneys are entrusted with the handling of arbitration matters, the attorneys shall produce a power of attorney to the arbitration commission.
SECTION TWO COMPOSITION OF ARBITRATION TRIBUNAL
Article 30 An [...]
1995.09.01
P.R.China
ARBITRATION LAW OF THE PEOPLE’S REPUBLIC OF CHINA
(Adopted at the Ninth Session of the Standing Committee of the Eighth National People’s Congress on August 31, 1994)
CONTENTS
CHAPTER ONE GENERAL PROVISIONS
CHAPTER TWO ARBITRATION COMMISSION AND ARBITRATION ASSOCIATION
CHAPTER THREE AGREEMENT FOR ARBITRATION
CHAPTER FOUR ARBITRATION PROCEDURE
SECTION ONE APPLICATION AND ACCEPTANCE
SECTION TWO COMPOSITION OF ARBITRATION TRIBUNAL
SECTION THREE HEARING AND RULING
CHAPTER [...]
