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  1. Dispute Resolution
  2. International: The 2024 HKIAC Administered Arbitration Rules

International: The 2024 HKIAC Administered Arbitration Rules

What you need to know
21 May 2024    1 minute read
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HKIAC Dispute Resolution International Arbitration Hong Kong DR Featured Content

In brief

On 1 June 2024, the 2024 Administered Arbitration Rules of the Hong Kong International Arbitration Centre will come into effect. The 2024 Rules can be accessed here.


Contents

Key takeaways

The 2024 Rules maintain HKIAC's "light touch" approach to case administration, which respects party autonomy and has been a fundamental feature of HKIAC administered arbitrations. This means that parties who have adopted arbitration under the HKIAC Administered Arbitration Rules in force when the arbitration commences can rest assured that the regime they have adopted continues to apply with no unforeseen drastic changes, while benefitting from enhancements and improvements.

The key changes seek to enhance time and cost efficiency of arbitrations, protect their integrity, and promote diversity and greener arbitrations. Many of the changes incorporate HKIAC's existing practices into the rules.

The fact that no drastic changes have been introduced into the 2024 Rules reflects a high degree of user satisfaction. According to HKIAC, its 2018 Rules have been well-received by users since their release on 1 November 2018 and are widely recognised as market-leading arbitration rules.

Click here to read the full alert.

Contact Information
Gary Seib
Partner at BakerMcKenzie
Hong Kong
Read my Bio
gary.seib@bakermckenzie.com
Philipp Hanusch
Partner at BakerMcKenzie
Hong Kong
Read my Bio
philipp.hanusch@bakermckenzie.com
James Ng
Registered Foreign Lawyer at BakerMcKenzie
Hong Kong
Read my Bio
james.ng@bakermckenzie.com

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