HKIAC

AcronymDefinition
HKIACHong Kong International Arbitration Centre
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References in periodicals archive ?
institution, HKIAC. As a result, Hong Kong has been recognised as the
Hong Kong has deep roots in ad hoc arbitration and HKIAC has
HKIAC. In 2008, the ICC International Court of Arbitration opened its
HKIAC is among the world's top three arbitral institutions and
The growing popularity of HKIAC is reflected by the
large number of cases HKIAC has handled since its establishment.
As noted above, the ICC is not alone in offering a mechanism for expediting arbitral proceedings - several other arbitral institutions, including the SCC, ICDR, SIAC, and HKIAC have incorporated such features into their rules as well.
Some institutional rules provide that their expedited rules can apply in cases of "exceptional urgency" (e.g., Rule 5(1)(c) of the SIAC Rules and Article 41.1(c) of the HKIAC Rules), even where the amount in dispute is higher than the amount in dispute stipulated for expedited procedures for non-urgent cases.
In contrast, the ICDR, SIAC, Swiss, and HKIAC Rules allow a multiple-member tribunal to be appointed by agreement between the parties or by the decision of the arbitration institution.
With respect to the powers of the tribunal, the ICC's Expedited Procedure Provisions follow the practise of most other institutions (including the ICDR, SIAC, and HKIAC) by giving the tribunal the full discretion to conduct an arbitration (e.g., to dispense with an oral hearing and to decide a case on the basis of documents only).
In comparison, under most other expedited rules, even those providing a case management conference for their expedited arbitrations (e.g., ICDR, SIAC, and SCC Rules), the time limit for rendering an award is calculated from the date of the constitution of the tribunal (e.g., Rule 5(2)(d) of the SIAC Rules) or from the transmittal of the file to the tribunal (e.g., Article 41(2)(f) of the HKIAC Rules; Article 42(1)(d) of the Swiss Rules).