Better, Faster, Cheaper: Revised Arbitration Rules in Hong Kong

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The Hong Kong International Arbitration Centre (HKIAC) Administered Arbitration Rules 2013 align the jurisdiction with international best practices.

The HKIAC has updated its popular rules for administered arbitration. The 2013 Rules, which come into force on 1 November 2013, address arbitrator remuneration and appointment, multi-party and multi-contract situations, expedited procedures as well as emergency arbitrators. With these changes, parties in complex cross-border disputes will likely continue to choose HongKong as a cost-effective, state of the art jurisdiction for international arbitrations.

Background -

The Hong Kong International Arbitration Centre (HKIAC) introduced its first set of rules for administered arbitration in 2008.The 2008 Rules soon proved to be a popular choice as the procedural rules adopted by parties conducting international arbitrations in Hong Kong, and have remained so over the past five years.

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Topics:  Arbitration, Arbitrators, Hong Kong, Remuneration

Published In: Alternative Dispute Resolution (ADR) Updates, General Business Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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