According to YunTing Law Firm, a team including Li Shu represented a major state-owned enterprise in a carbon emissions trading arbitration against an international energy and commodities trading company. Following the relevant award by the China International Economic and Trade Arbitration Commission, that stage of the matter concluded. The source reports that the representation saved the client tens of millions of renminbi in losses.
Background
In early 2024, the state-owned client faced a claim for contractual penalties amounting to tens of millions of renminbi in connection with carbon emissions trading. Several rounds of negotiations failed to resolve the dispute, and the client sought advice from YunTing’s team.
Approach
The team analysed the transaction facts and legal relationships and developed an approach based on the characterisation of the arrangement as an over-the-counter futures transaction. It considered the relevant judicial interpretations in designing the arbitration strategy. The source identifies this analysis of the transaction as an important element of the representation.
Scope of the reported outcome
The matter involved legal issues relating to carbon emissions trading and financial derivatives. This account records the outcome described in the source. The original report does not disclose the full award, a case reference or the precise amount, and no additional facts are inferred. The matter was handled by a legal team.
This account is adapted from YunTing Law Firm’s official case reports.