Publication
Road to COP29: Our insights
The 28th Conference of the Parties on Climate Change (COP28) took place on November 30 - December 12 in Dubai.
Global | Publication | maggio 2024
On 3rd May 2024, the Hong Kong International Arbitration Centre (HKIAC) introduced new arbitration rules that would come into force on 1 June 2024. The 2018 Administered Arbitration Rules of the HKIAC (the 2018 Rules) have been well-received by users and are widely recognised as a market-leading set of arbitral rules since their release. The 2024 Administered Arbitration Rules of the HKIAC (the 2024 Rules) is a refinement of the 2018 Rules but with key changes to reflect advancing social norms of diversity, environmental and technological developments. They also introduce new powers and clarify existing powers of tribunals and the HKIAC.
Here is a summary of some notable changes under the 2024 Rules and its implications on commercial parties who are or may be involved in arbitral proceedings.
The 2024 Rules are a welcome refinement of the 2018 Rules and reflects the HKIAC’s keen awareness of topical issues such as diversity in the appointment of arbitrators, information security and environmental impact of international arbitrations. Some amendments in the 2024 Rules provide welcome confirmation of the tribunal’s wide-ranging powers in deciding on the arbitral process such as the ability to decide on preliminary issues in the arbitration to increase efficiency in the arbitration proceedings. It is worth highlighting that in declining to include scrutiny of the awards (unlike other arbitral institutions such as the ICC or the SIAC), the HKIAC has, like the LCIA, deliberately retained its “light touch” administration-style in the conduct of arbitral proceedings.
This article is not intended to be an exhaustive review of the changes under the 2024 Rules and should only be used as a guidance. For a thorough review on the 2024 Rules and analysis on how the 2024 Rules may impact your potential and/or existing involvement in a HKIAC-administered arbitral proceeding, please reach out to your usual NRF contact.
Publication
The 28th Conference of the Parties on Climate Change (COP28) took place on November 30 - December 12 in Dubai.
Publication
Facing the fast-growing development of AI across the globe, particularly Generative AI (GenAI), the G7 competition authorities and policymakers (Canada, France, Germany, Japan, Italy, the UK and the US) and the European Commission met in Italy on 3-4 October 2024 to discuss the main competition challenges raised by these new technologies in digital markets.
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