Further to our previous update on the China-Africa Joint Arbitration Centre (CAJAC), we can now confirm that CAJAC is open for business in Johannesburg.
In regard to the activities and developments currently occurring surrounding the development of CAJAC, we advise as follows:
- On 25 November 2015, the Guiding Committee of CAJAC Johannesburg and CAJAC Shanghai met in Johannesburg to agree on the CAJAC Model Clause and the CAJAC Johannesburg rules and the panel of arbitrators.
- On 26 November 2015, CAJAC officially opened. The inauguration of CAJAC took place at the 6th Legal Forum for China-Africa Cooperation (FOCAC) at the Hyatt Hotel in Rosebank. This event was attended by 40 delegates from China and in excess of 100 delegates from South Africa and other countries in Africa.
- On 3 December 2015, the CAJAC Johannesburg website went live, which can be found at www.cajacjhb.com. The website provides pertinent information about CAJAC, including the Model Clause, the rules, the panel of arbitrators and the fee structure.
The 6th Ministerial Conference of the Forum on China-Africa Cooperation was held at the Sandton Convention Centre from 3 to 5 December 2015. During the conference, the Johannesburg Action Plan 2016 - 2018 was signed by China and 50 African states including South Africa. The Action Plan is intended to implement the decisions reached at the Ministerial Conference over the next three years, including working together to establish CAJAC.
CAJAC management is now in the process of establishing various Committees, to assist with and ensure the continued development and eventual success of this unique project.
The Committees include:
- The Africa Committee will be responsible for guiding the relationship between CAJAC Johannesburg and countries in Africa, with particular emphasis on countries who are signatories of the New York Convention.
- The Training Committee will be responsible for identifying and introducing courses in relevant areas of mercantile law and international arbitration practice and will liaise with and arrange for specialist lecturers in Chinese law and arbitration to present courses in South Africa.
- The Finance Committee will evaluate the CAJAC business plan and budget, supervise the implementation of such a plan and make recommendations in regard to generating revenue to ensure that CAJAC operates on a sound financial footing.
- The Marketing and Publications Committee will provide specialist expertise in the marketing of CAJAC to the legal and business community, assist in identifying specialist target markets and also assist with a strategy to involve institutions such as the banking Council, the JSE and representatives of business. This Committee will also be called upon to provide help and support in establishing links with the Chinese business world and provide advice in regard to appropriate marketing material.