By King & Wood Mallesons’ International Dispute Resolution Group
On August 28, 2014, the China Air Transport Association (“CATA”), the International Air Transport Association (“IATA”), and the Shanghai International Arbitration Center (“SHIAC”) signed a cooperation agreement on international aviation arbitration in Shanghai. They announced that the Shanghai International Aviation Court of Arbitration (“SHIACA”) and the Shanghai International Aviation Arbitration Experts Committee (“SHIAAEC”) were officially established.
SHIACA is affiliated with SHIAC. After the Court of Arbitration of the Shanghai Free Trade Zone was initiated, SHIACA was regarded as another marvelous innovation by SHIAC and the world’s first arbitration agency specialized in aviation disputes. It means that international aviation arbitration system is officially established in Shanghai, which provides great convenience and advantages to domestic and foreign enterprises in the resolution of global disputes through SHIAC.
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