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BRI needs to embrace international arbitration

Initiative promises hard physical infrastructure that can transform economies, but with so many players involved, it needs the right legal infrastructure to deliver.

Best face forward: so far, 103 countries and international organisations have signed 118 cooperation agreements with the People's Republic of China (PRC) under the framework of the BRI according to recent statistics released by the PRC's National Development and Reform Commission.

THE gigantic Belt and Road Initiative (BRI) has profound implications, and not just for the economies it will encompass. It will also transform legal systems, as participating countries work out how to ensure contracts to build huge infrastructure projects are implemented and completed on time...

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