(Yicai Global) June 27 -- As the internet becomes ever more closely intertwined with people's daily lives and work, the Chinese government's highest reform institution has decided to establish an internet court in China's internet-developed eastern part to specialize in internet litigation cases.
The Leading Group for Comprehensively Deepening Reforms of the party's central committee resolved yesterday to set up an internet court in Hangzhou, in China's southeastern Zhejiang province, the official Xinhua news agency reported.
Chinese internet leviathan Alibaba Group Holding Ltd. [NYSE:BABA] has its headquarters in the garden city, which hosted the G20 Summit last September.
The committee acknowledges that founding the Hangzhou internet court is a major systemic innovation and an active initiative by the judiciary to adapt to the trend of internet development, per Xinhua. The Hangzhou internet court will explore rules for cases of internet litigation, consummate a system of adjudication, and improve judicial mechanisms. It will also safeguard internet security, resolve internet-related disputes and provide judicial guarantees for furtherance of the extensive integration of the internet and economic society.