The Hong Kong International Arbitration Center (HKIAC) has launched an updated set of Administered Arbitration Rules (the “HKIAC Updated Rules”), effective as of 1 June 2024.[1] They will thus apply to arbitrations commenced from 1 June 2024 unless otherwise agreed by the parties.[2] The new Rules are available in English and Chinese (a simplified Chinese […]
HKIAC Arbitration
Summary Procedures in International Arbitration
Summary procedures in international arbitration mean procedures by which the arbitral tribunal determines certain points of fact or law at an early stage of the proceedings, potentially dispensing with the need for further arbitration proceedings. Summary proceedings can be a blessing to a respondent facing frivolous claims that obviously lack merit, as a successful dismissal […]
Expedited Arbitration
Expedited arbitration (or fast-track arbitration) has gained traction in recent years, in response to the length and cost of traditional international arbitration. The first expedited arbitration scheme appears to have been introduced in the 1992 Arbitration Rules of the Geneva Chamber of Commerce and Industry Arbitration Rules (“CCIG”).[1] Today, most leading arbitral institutions have adopted specific […]
HKIAC Arbitration
HKIAC arbitration refers to the settlement of disputes administered by the Hong Kong International Arbitration Centre (the “HKIAC”) under one of its arbitration rules. According to the Queen Mary, University of London and White and Case’s 2015 International Arbitration Survey, HKIAC was the third most preferred and used arbitral institution worldwide and the most favored […]
The Timing of Payment of Arbitration Advances on Costs
The payment of advances on costs in arbitration aims to ensure that an arbitral institution has sufficient funds to cover the payment of arbitrators’ fees and expenses, as well as costs incurred in the administration of arbitral proceedings. The advances on costs paid to arbitral institutions do not include party costs, such as legal fees […]
The new 2018 HKIAC Arbitration Rules
The HKIAC Rules of Arbitration (“HKIAC Arbitration Rules”) are applied in arbitral proceedings when the parties have agreed to HKIAC arbitration to resolve their dispute. Established in 1985 as a response to the growing demand for dispute settlement mechanisms in Asia, the HKIAC is a preferred arbitral institution for disputes with an Asian element. Apart […]
HKIAC Arbitration Cases: 2017 Statistics
On 24 May 2018, the Hong Kong International Arbitration Center (“HKIAC”) released the caseload statistics Report for 2017, revealing the highest number of HKIAC arbitration cases ever administered. HKIAC reported a total of 532 new cases filed in 2017, which is 15.7 % more than in 2016 (see Report for 2016). This is the highest […]
Cost and Duration of Arbitration
Over the past year, several arbitration institutions have released summaries of data regarding the cost and duration of arbitration. Such institutions include the London Court of International Arbitration (“LCIA”) (data from 3 November 2015), the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) (data from 24 February 2016) and the Singapore International Arbitration Centre […]
Emergency Arbitrator Award
Most arbitration rules of the leading arbitration institutions have today introduced the possibility of appointing an Emergency Arbitrator who will decide on Interim Measures (including the ICC, the LCIA, the SIAC, the HKIAC and the SCC). These rules are being increasingly used by parties to request interim measures. The Arbitration Institute of the Stockholm Chamber […]
