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First-Ever U.S.-China Business Mediation Center Established.


Business Editors/Legal Writers

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 & BEIJING--(BUSINESS WIRE)--Jan. 22, 2004

The CPR Cardiopulmonary Resuscitation (CPR) Definition

Cardiopulmonary resuscitation (CPR) is a procedure to support and maintain breathing and circulation for a person who has stopped breathing (respiratory arrest) and/or whose heart has stopped (cardiac
 Institute For Dispute Resolution

-- The CPR Institute For Dispute Resolution, USA and The China

Council for Promotion of International Trade (CCPIT CCPIT China Council for the Promotion of International Trade (Beijing) ) to create

a U.S.-China Business Mediation Center

-- Signing of agreement to take place at CPR National Conference,

Plaza Hotel The Plaza Hotel in New York City is a landmark 19-story luxury hotel with a height of 250 feet (76 m) and length of 400 feet that (122 m) occupies the west side of Grand Army Plaza, from which it derives its name, and extends along Central Park South in Manhattan. , New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, January 29, 2004

In a landmark move aimed at furthering east-west trade agreements, the CPR Institute, a nonprofit alliance of 500 of the largest global corporations, law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
, scholars, and public institutions and CCPIT, the most important and largest institution for the promotion of foreign trade in China, are forming a U.S.-China Business Mediation Center to help resolve disputes involving U.S. and Chinese businesses. The Center will have offices in New York, New York and Beijing, China.

This significant development comes at a time when the volume of Chinese imports and exports has reached an all-time high of $126.33 billion. The United States is China's second-largest trading partner after Japan. Beijing has sent two multibillion-dollar buying missions to the United States in recent months. (Source: China's Ministry of Commerce)

"This landmark program holds enormous potential to effectively resolve international business disputes and promoting greater understanding between China and the United States," said Thomas J. Stipanowich, President and Chief Executive Officer of The CPR Institute. "Leading U.S. companies have become aware of the tremendous advantages of mediated negotiation over litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
, and our counterparts in China have long understood the benefits of conciliated settlement. Together, we are now creating a common framework for helping businesses solve problems in ways that promote business goals."

Officials at the China Council for the Promotion of International Trade China Council for the Promotion of International Trade (CCPIT) is an organ of the Chinese national government created in the year 1952.

The CCPIT promotes Chinese international economic and commercial interests.
 are enthusiastic about the Center. Liu Wenjie, Vice Chairman of CCPIT and Chairman of the CCPIT Conciliation conciliation: see mediation.  Center, said, "We believe this is a strategic move for the economic and trade development of both China and the United States. The establishment of the Center will help commercial partners between the two countries to have a dispute resolution facility of the highest quality. It will also provide favorable legal and investment environments for companies in the two countries." Liu continued:" Therefore, we look forward to working closely with CPR to develop a Center that assists both of our constituents."

Huang He, Vice Chairman and Secretary General of the CCPIT Conciliation Center, added," The Center will help enhance companies' understanding between the two countries, and facilitate quick, efficient dispute resolution arising from American companies and Chinese partners. At the same time," Huang continued, "it will offer quality legal service for economic and trade cooperation of both Chinese and the United States companies This is a list of companies from the United States:
  • #Current companies
  • #Former companies, including acquired and merged ones
  • #By industry
  • #By location
  • #See also
Current companies
:
."

The signing of the agreement will take place at 3:30 pm (EST EST electroshock therapy.

EST
abbr.
electroshock therapy
) in New York City at The Plaza Hotel, 59th Street and Fifth Avenue. The media is invited and prior clearance is required. In order to reserve a place, please contact Liz Chatfield at 203-921-1323.

About CPR Institute For Dispute Resolution

CPR Institute For Dispute Resolution is a pioneer and leader in the area of dispute resolution. Founded in 1979 as the Center for Public Resources, CPR promotes excellence and innovation in public and private dispute resolution, and serves as a primary multinational resource for avoidance, management and resolution of business-related and other disputes. CPR's unparalleled wealth of intellectual property and published material in this area has educated and motivated America toward an increased reliance on negotiation rather than litigation. CPR's proprietary Panel of esteemed arbitrators and mediators has provided resolutions in thousands of cases, with billions of dollars at issue, worldwide.

For more information, please visit our web site at www.cpradr.org.
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Publication:Business Wire
Date:Jan 22, 2004
Words:612
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