In order to promote the healthy development of the commercial mediation industry, protect the legitimate rights and interests of the parties, and optimize the business environment, on May 27, the Ministry of Justice, together with relevant units, drafted the "Regulations of the People's Republic of China on Commercial Mediation (Draft for Public Comments)" (hereinafter referred to as the "Draft for Comments") to solicit opinions from the public.
As China's first administrative regulation specifically regulating commercial mediation activities, the Draft highlights institutional innovation and builds a normative system covering the entire process of commercial mediation, which is of great significance for optimizing the business environment and promoting the modernization of the national governance system and governance capacity. This marks that our country's diversified dispute resolution mechanism has entered a new stage of systematization and rule of law.
There are a total of 33 articles under the Draft for Comments, stipulating the scope of adjustment of the regulations, the responsibilities of relevant parties, the requirements for commercial mediation organizations and commercial mediators, and emphasizing the standardization of commercial mediation activities and the support for the development of foreign-related commercial mediation. It has built a normative system covering the entire process of commercial mediation.

(Source: MOJ and www.mzyfz.com)