HKIAC Introduces New Rules

November 08, 2018 | BY

Jacelyn Johnson

The Hong Kong International ArbitrationCenter (HKIAC) introduced a new version of itsAdministered Arbitration Rules (2018 Rules) whichcame into effect on November 1. The 2018 Rulesintroduce amendments relevant to the use oftechnology, third party funding, multi-party andmulti-contract arbitration, among others. AlfredIp of Hugill & Ip summarizes the newly enforcedamendments

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The 2018 Rules introduce amendments relevant to the use of technology, third party funding, multi-party and multi-contract arbitrations, the early determination of disputes, alternative means of dispute resolution, emergency arbitrator proceedings, and time limits for the delivery of awards.

The 2018 Rules are the result of a revision process started in August 2017 which also included extensive public consultation in Hong Kong and internationally.