Hong Kong is planning to overhaul its arbitration procedures in a bid to improve its position as a leading dispute resolution centre in Asia.
October 29, 2012 at 01:16 PM
1 minute read
The original version of this story was published on Legalweek
Hong Kong is planning to overhaul its arbitration procedures in a bid to improve its position as a leading dispute resolution centre in Asia.
The Hong Kong International Arbitration Centre (HKIAC) is planning to introduce new rules in the first quarter of next year which would usher in a cap on hourly rates on arbitration held in the centre, making the process less expensive for companies and individuals.
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