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Hong Kong International Arbitration Centre Administered Arbitration Rules

Hong Kong International Arbitration Centre Administered Arbitration Rules

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Published by kologlu9

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Categories:Types, Business/Law
Published by: kologlu9 on Dec 30, 2010
Copyright:Attribution Non-commercial

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03/23/2013

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HONG KONG INTERNATIONAL ARBITRATION CENTRE ADMINISTERED ARBITRATION RULES
Introduction
These Rules have been adopted by the Council of the HongKong International Arbitration Centre (HKIAC) for use by parties who seek the formality and convenience of anadministered arbitration.
 Application
These Rules may be adopted in an arbitration agreement or byan agreement in writing at any time before or after a disputehas arisen. These Rules may be adopted for use in bothdomestic and international arbitral proceedings. Provisionsregarding the scope of application of these Rules are set out in Article 1.
Effectiveness
These Rules have been adopted to take effect from 1 September2008, in accordance with the provisions of Article 1 of theRules.
Suggested Clauses
1.The following model clause may be adopted by the parties to a contract who wish to have any futuredisputes referred to arbitration in accordance withthese Rules:"Any dispute, controversy or claim arising out of orrelating to this contract, including the validity,invalidity, breach or termination thereof, shall besettled by arbitration in Hong Kong under the HongKong International Arbitration Centre Administered Arbitration Rules in force when the Notice of  Arbitration is submitted in accordance with theseRules.* The number of arbitrators shall be ...
(one or three)
.The arbitration proceedings shall be conducted in ....
(insert language)
."* Optional
 
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2.Parties to an existing dispute in which neither anarbitration clause nor a previous agreement withrespect to arbitration exists, who wish to refer suchdispute to arbitration under the Rules, may agree to doso in the following terms:"We, the undersigned, agree to refer to arbitration inHong Kong under the Hong Kong International Arbitration Centre Administered Arbitration Rules alldisputes or differences arising out of or in connectionwith:(Brief description of contract under which disputesor differences have arisen or may arise.)* The number of arbitrators shall be ...
(one or three)
.The arbitration proceedings shall be conducted in ...
(insert language)
.Signed: (Claimant)Signed: (Respondent)Date: "* Optional

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