Shanghai has carved out a niche among the world's top 10 arbitration hubs, thanks to its rich arbitration resources and a high level of internationalization. Richard Nie, general counsel of Schaeffler Greater China and an arbitrator at the Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center), offers insights into the city's prowess in arbitration.

He notes that Shanghai's "path" effectively resolves disputes for multinational corporations, providing a reliable and efficient platform for international business conflicts.