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The new HKIAC Administered Arbitration Rules: updates to facilitate efficient, secure, diverse and environmentally conscious arbitrations

The Hong Kong International Arbitration Centre (“HKIAC”) has updated its Administered Arbitration Rules with a new 2024 version. The 2024 HKIAC Administered Arbitration Rules (“New Rules”) will take effect on 1 June 2024 with the aim of increasing time and cost efficiencies while advancing social norms and technological developments. What’s changed? 1.HKIAC’s and Tribunal’s powers to increase efficiency and reduce cost 1.In line with the main aim of the New Rules to increase efficiency,  HKIAC has, through Article 13.10, been given the power to take “any measure necessary to preserve the efficiency and integrity of the arbitration” subject to consultation with the parties and the arbitral tribunal. This includes an exceptional power to revoke the appointment of an arbitrator where...To read the full article, please see the PDF file

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Lars’ practice is focused on commercial and investment arbitration. He has particular expertise in contentious proceedings involving post-M&A, commercial, manufacturing, construction, and distribution matters, in areas such as life sciences, automotive, and energy. Lars also deals with cases involving governments, and has advised foreign investors and sovereign states on issues of foreign direct investment and public international law, including related negotiations and investor-state disputes. He has been involved in more than 50 international arbitrations as counsel and arbitrator under the arbitration rules of institutions such as the ICC, DIS, SAC, NAI, ICDR, KCAB, JCAA, SIAC, and ICSID, as well as under the UNCITRAL Rules.