Jurisdiction(s):
United Kingdom

Hong Kong International Arbitration Centre (HKIAC) Administered Arbitration Rules 2024—Costs: Tribunal Powers, Fee Structures (Schedules 2/3), Deposits, Allocation and 2026 Updates

Published by a LexisNexis Arbitration expert

Practice notes

This Practice Note provides guidance on costs pursuant to the Hong Kong International Arbitration Centre (HKIAC) Administered Arbitration Rules 2024 (the 2024 HKIAC Rules; HKIAC 2024).

This note offers direction on costs under the 2024 HKIAC Administered Arbitration Rules. As outlined in Practice Note: HKIAC (2024)—the HKIAC Administered Arbitration Rules—application and key features, the 2024 HKIAC Rules generally govern HKIAC arbitrations begun on or after 1 June 2024, unless the parties decide otherwise; where proceedings were commenced before 1 June 2024, the 2018 HKIAC Rules will usually apply, save where the parties agreed otherwise. A specific ‘2024 Schedule of Fees’ applies to arbitrations administered pursuant to the 2024 HKIAC Rules. The two HKIAC Practice Notes on Costs of Arbitration, based on HKIAC 2018, Sch 2/hourly rates and Sch 3/sums in dispute (the Practice Notes on Costs), effective from 11 March 2019, continue to apply mutatis mutandis under the 2024 HKIAC Rules unless the parties agree otherwise. For an overview of HKIAC and its organisational framework, see Practice Note: HKIAC—background to and structure of the institution. In any arbitration, parties and their advisers should remain vigilant throughout in tracking the expenditure they incur, both on their own legal fees and on the fees...

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Andrew Rigden Green

Watson Farley & Williams

Andrew is a Partner in the Maritime and Dispute Resolution groups at Watson Farley & Williams.Andrew’s experience spans corporate and commercial disputes, international arbitration, shipping and offshore construction. His practice includes FD&D, P&I, shareholder, corporate, trust and private wealth, joint venture and sale and purchase disputes across several industries including maritime, aviation, oil and gas and LNG. He is also experienced with energy transition matters and in particular maritime decarbonisation.His clients primarily include most of the IG P&I Clubs, shipowners, Chinese SOEs, Japanese trading houses and corporates in the oil and gas sector, Hong Kong and Singapore-based UHNWIs, Chinese, Taiwanese and Hong Kong privately owned companies as well as European and US companies operating in Asia. Andrew also works with environment focussed NGOs and governmental bodies on projects to decarbonise the maritime industry....

Web page updated on 21/05/2026

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