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Tag Archives: UNCITRAL arbitration rules

Hong Kong International Arbitration Centre publishes new UNCITRAL Arbitration Rules

On 1 January 2015, the Hong Kong International Arbitration Centre (HKIAC) introduced the HKIAC Procedures for the Administration of Arbitration under the UNCITRAL Arbitration Rules (the “2015 Rules“). The 2015 Rules are designed to provide a single, user-friendly system for arbitrations conducted under any version of the UNCITRAL rules.  The 2015 Rules apply equally to international commercial and investment treaty arbitrations. The key changes include: (a) Notice and Response of Arbitration: There are now express provisions regarding the filing of the Notice of Arbitration and its Response. The parties, rather

UNCITRAL Arbitration Rules Transparency Provisions – Lifting the Veil on Investor-State Arbitrations

A notable feature of investment treaty arbitrations is that they nearly always concern issues relating to a State’s treatment of foreign investment and its exercise of public policy. Potential significant State liability may also arise pursuant to an award which goes against the State. Unlike ICSID arbitrations, the UNCITRAL Arbitration Rules do not make it a requirement that a public record is made of the dispute, which has led to criticism on the grounds that this is contrary to the principle of transparency – a principle which all State functions