The Dragon's Skin Shed: The New HKIAC Arbitration Rules

October 29, 2013

The dragon’s skin began to shed in 2011, when the Hong Kong International Arbitration Centre (“HKIAC”) initiated the revision process of its 2008 Arbitration Rules for Administered Cases (“Old Rules”). After the issuance of the draft version in October 2012, the HKIAC promulgated the new version of the Rules in June 2013 (“New Rules”). The New Rules will come into force on 1 November 2013. Except under certain circumstances, they will apply to disputes submitted on or after that date, regardless of when the arbitration agreement was concluded. The New Rules contain new provisions aimed mainly at tackling the growing complexity of the disputes, fostering the cost-efficiency of the proceedings and addressing the topics of interim measures and emergency arbitrators.

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