At the 2018 Boao Forum for Asia, which marked the 40th anniversary of reform and ‘open markets’ (at least relatively speaking) in China, President Xi Jinping remarked that China will enter into a “new phase of opening up” and outlined a number of key reform measures for the world’s second largest economy, which he plans to implement sooner rather than later. Those measures range from broadening market access and strengthening IP protection rights, to creating a more attractive environment for foreign and domestic businesses.
With increased foreign economic action will come increased litigation and arbitration. So the question begs: is mainland China the next frontier for Litigation Finance?
Source: Litigation Finance Journal