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ARBlog International Arbitration News, Trends and Cases

Tag Archives: HKIAC Rules

PRC Court refuses to enforce SIAC arbitral award made by one arbitrator under expedited arbitration procedures when arbitration agreement provided for three arbitrators

In Noble Resources International Pte. Ltd v. Shanghai Good Credit International Trade Co., Ltd. (2016) Hu 01 Xie Wai Ren No. 1, the Shanghai No.1 Intermediate People’s Court in a judgment dated 11 August 2017 refused recognition and enforcement of a Singapore International Arbitration Centre (“SIAC“) arbitral award under the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (“New York Convention“) on the basis that the composition of the arbitral tribunal and/or the arbitral procedure was not in accordance with the agreement of the parties.

Hong Kong: New Rules, New Regime

On 28 March, the Arbitration (Amendment) Bill (“Bill“) was gazetted.  The Bill proposes to amend the Arbitration Ordinance (“Ordinance“) to support incoming revisions to the Hong Kong International Arbitration Centre Administered Arbitration Rules (“HKIAC Rules“), as well as provide for other developments.  The main revisions to the HKIAC Rules are the introduction of emergency arbitrator provisions, new powers for the HKIAC to join parties and consolidate arbitrations and new provisions to streamline the process of agreeing arbitrators’ fees.  The Bill updates the law to support the new emergency arbitrator provisions,