SCIAHK has published its arbitration rules (the “Rules”). The Rules will come into force on 1 May 2022. The Press Release of the SCIA(HK) is shown below.
South China International Arbitration Center (HK) Published its Arbitration Rules
South China International Arbitration Center (HK) (“SCIAHK”), HKIArb’s partner institution, has published its arbitration rules (the “Rules”). The Rules will come into force on 1 May 2022. SCIAHK is now fully geared up to extend its arbitration service to parties from different jurisdictions worldwide.
The Rules are based upon the UNCITRAL Arbitration Rules (2013 edition) and incorporate the UNCITRAL Recommendations to assist arbitral institutions and other interested bodies with regard to arbitration under the UNCITRAL Arbitration Rules (as revised in 2010) (2013 edition) as well as the recent developments in modern international arbitral rules. The modifications to the UNCITRAL Arbitration Rules (2013 edition) are made to adapt to institutional arbitration, ensure cost-efficient arbitration, and facilitate effective dispute resolution. The Rules demonstrate SCIAHK’s commitment to keeping up with, as well as leading, the developments in arbitration rules.
Mr. Wong Chat Chor Samuel, Immediate Past President of the Hong Kong Institute of Arbitrators, was very honored to offer his advice in support of the drafting of the Rules.
Hong Kong is a signatory to the 1958 New York Convention by China’s accession, which means that arbitral awards rendered in Hong Kong can be recognised and enforceable in over 160 countries worldwide. The Rules represent a welcome development in international arbitration and will further strengthen Hong Kong’s position as a preferred venue for international arbitration.