Chart4CountriesandRegionsInvolvedinForeign-relatedCommercialCasesbyCourtsofJiangsuProvinceinRecentSixYears
Blue:1127casesinvolvingcountriesalongthe“BeltandRoad”route
Red:4285casesinvolvingHongKong,MacaoandTaiwan
Green:2969casesinvolvingothercountries
5.Thetotalamountofforeign-relatedcommercialcasesisrelativelylarge,withobviousdifferencesinindividualcases
Inthepastsixyears,theamountofforeign-relatedcommercialcasesacceptedbycourtsofJiangsuProvincehasexceeded80billionyuan.From2014totheendofOctober2019,theaverageamountofforeign-relatedcommercialcasesacceptedare5,783,000yuan,7,647,300yuan,10,513,800yuan,8,283,100yuan,10,623,200yuanand14,487,000yuanrespectively,revealinganobviousupwardtrend.Thehighestamountofcaseis2.6billionyuan,andthelowestamountisonlytensofthousandsyuan,showingahugedisparitybetweencases.Theincreaseinthetotalamountofforeign-relatedcommercialcasesreflects,toacertainextent,theincreaseofcross-borderinvestmentandtradeactivitiesofJiangsuandtheincreasingjudicialdemandfordisputeresolution.
Chart5AverageAmountofForeign-relatedCommercialCasesbyCourtsofJiangsuProvinceinRecentSixYears
6.Thetrialqualityofforeign-relatedcommercialcasesisgoodandtherateofretrialorjudgmentamendmentislow.
Inthepastsixyears,thetotalnumberofforeign-relatedcommercialcasesdecidedbycourtsofJiangsuProvinceinthefirstinstancewas3,732,accountingfor49.45ofthetotalnumberofcases.Thenumberofmediatedorcancelledcaseswas3363,accountingfor44.56.Inthepastsixyears,therateofmediatedorcancelledcasesoffirst-instanceforeign-relatedcommercialcaseshasremainedbasicallystable.Therateofobeyingthetrialwithoutappealoftheforeign-relatedcommercialtrialinthefirstinstanceis82.9,theappealrateis11.04,andtherateofretrialorjudgmentamendmentinthesecondinstanceis0.7,withthequalityoftrialbeinggenerallygood.Duetofactorssuchasoverseasdelivery,thetrialperiodisrelativelylong,withanaveragetrialperiodof257daysforforeign-relatedcommercialcasesinthepastsixyears.
Chart6RateofMediatedorCancelledForeign-relatedCommercialCasesbyCourtsofJiangsuProvinceinRecentSixYears
II)NewFeaturesofForeign-relatedCommercialCasesbyCourtsofJiangsuProvinceOpeningupcharacterizesthedevelopmentofJiangsu.Foreign-relatedcommercialcasesbycourtsofJiangsuProvincealsomanifestsomenewfeaturesthatarerelatedtothehighlevelofJiangsu’sopeneconomy.
1.Thenumberofcasesinvolvingcountriesalongthe“BeltandRoad”routehasincreasedsignificantly
Afterthe“BeltandRoad”wasputforward,Jiangsu,asthejunctionofthe“BeltandRoad”,hasexchangedmoreandmorefrequentlywithcountriesalongtherouteinpersonnelandtrade,thereforefollowedbymoreandmorecommercialdisputes.Accordingtostatistics,inthepastsixyears,morethanhalfoftheforeign-relatedcommercialcasestriedbycourtsofJiangsuProvinceinvolvedcountriesalongthe“BeltandRoad”route,whilethetotalnumberofcommercialcasesinvolvingcountriesalongthe“BeltandRoad”routeaccountedforabout30ofthetotalnumberofforeign-relatedcommercialcases(exceptthoseinvolvingHongKong,MacaoandTaiwan)triedbycourtsofJiangsuProvince.
2.Newtypesofcasesareconstantlyemerging
Intheforeign-relatedcommercialtrialsofcourtsofJiangsuProvince,newtypesofcasessuchasinternationalsyndicatedloans,fraudinletterofcredit,fraudinindependentguarantee,financelease,equityrepurchase,andenterprisevaluationadjustmentagreementsareontheincrease,andtheoveralllitigationamountisrelativelyhigh.Thisreflectsfromthesidethatwiththeimplementationofhigh-leveltradeandinvestmentliberalizationandfacilitationpolicies,thefinancialsectorhasbecomeincreasinglyopenandinnovative.
3.Theproceduralproblemsinforeign-relatedcommercialcasesareoutstanding
Ingeneral,foreign-relatedcommercialcasespresentproceduralproblemssuchasdifficultyinfindingoutthefacts,applicationofforeignlawsandserviceinforeigncases.Thelongtrialperiodofforeign-relatedcommercialcasesisdetrimentaltotimelyandefficientresolutionofdisputesandsafeguardingthelegitimaterightsandinterestsofthelitigants.
4.Foreigninvestmentdi