The International Commercial Court of the People’s Republic of China and the BRICS Economic Dispute Resolution Mechanism

This paper examines the role and significance of interstate associations such as the Belt and Road Initiative and BRICS within the context of the current crisis in the politico-economic system of interstate relations and institutions. They are characterized as new types of state associations that build relationships based on equality, mutual respect for national interests, mutually beneficial economic cooperation, and the resolution of economic disputes. The paper provides a detailed analysis of the concept and practical steps taken by China to establish the International Commercial Court of the People’s Republic of China under the Belt and Road Initiative. It explores the distinctive features and innovative solutions employed by the court to enhance the efficiency of resolving disputes involving individuals and organizations from member states. The paper concludes that it is both fundamentally possible and necessary to apply similar innovations to the institutions and procedures for handling commercial and investment disputes within BRICS, a topic that has recently gained significant traction in legal scholarship and practice. Proposals are being made on the organizational form and operating procedure of the BRICS International Center for the Settlement of Economic Disputes.