Our previous article raised the issue that costs of commercial arbitration are pretty high in Hong Kong. Then who should bear the costs at the end of the arbitration?...more
As mentioned in our previous article, the costs of commercial arbitration in Hong Kong are pretty high. Third-party funding, however, could be one of the possible solutions for companies to consider....more
In this part of our ongoing series, we will examine the costs of arbitration in Hong Kong and if it is expensive as thought. Arbitration costs mainly comprise of two parts: solicitors’ fees and the costs attributable to...more
6/3/2021
/ Arbitration ,
Asia ,
Attorney's Fees ,
China ,
Hong Kong ,
Hong Kong International Arbitration Centre (HKIAC) ,
International Arbitration ,
International Trade Disputes ,
Litigation Fees & Costs ,
PRC ,
Tribunals ,
Venue
On April 2, 2019, the Supreme People’s Court of the PRC and the Department of Justice of Hong Kong signed the “Arrangements concerning the Mutual Assistance in Court-Order Interim Measures in Aid of Arbitral Proceedings by...more
6/3/2021
/ Arbitration ,
Arbitration Awards ,
Asia ,
Business Disputes ,
China ,
CIETAC ,
Foreign Arbitral Awards ,
Foreign Corporations ,
Hong Kong ,
Hong Kong International Arbitration Centre (HKIAC) ,
Interim Measures ,
International Arbitration ,
International Chamber of Commerce (ICC) ,
PRC ,
Variable Interest Entities
With the rapid development of China’s national economy, more and more PRC companies will enter occasional disputes with foreign partners in international business dealings. Depending on their bargaining positions during the...more
6/3/2021
/ Arbitration ,
Arbitration Agreements ,
Asia ,
Business Disputes ,
China ,
Choice-of-Law ,
Contract Disputes ,
Dispute Resolution ,
Exclusive Jurisdiction ,
Hong Kong ,
Hong Kong International Arbitration Centre (HKIAC) ,
International Arbitration ,
International Trade Disputes ,
PRC ,
Tribunals