The HKIAC Rules are designed to provide a comprehensive framework for the conduct of arbitration proceedings, ensuring that they are fair, efficient, and in accordance with international best practices.

The HKIAC plays a central role in arbitration proceedings, administering the proceedings, appointing arbitrators, and making decisions on procedural matters.

The HKIAC Rules are based on the UNCITRAL Arbitration Rules, but they are also flexible and can be adapted to the specific needs of the parties. They provide for a streamlined and efficient arbitration process, with a focus on resolving disputes quickly and cost-effectively.

The HKIAC Rules can be used for both ad hoc arbitration (where the parties appoint their own arbitrators) and institutional arbitration (where the HKIAC appoints the arbitrators).

To initiate arbitration proceedings under the HKIAC Rules, the claimant must file a notice of arbitration with the HKIAC. The respondent must then file a response to the notice of arbitration. The HKIAC will then appoint a tribunal to hear the case.

The arbitral tribunal has the power to hear and determine the dispute, make awards on all matters in dispute, and order interim measures.

The procedure for conducting arbitration proceedings under the HKIAC Rules involves the parties submitting their evidence to the arbitral tribunal, the arbitral tribunal holding hearings to hear the evidence and arguments of the parties, and the arbitral tribunal then issuing an award.

The HKIAC can enforce arbitral awards in Hong Kong, enforce arbitral awards in other jurisdictions, and assist parties in enforcing arbitral awards.

The HKIAC Rules are based on international best practices, the HKIAC has a reputation for efficiency and impartiality, and the HKIAC offers a wide range of services to support arbitration proceedings.

The HKIAC Rules can be expensive, the HKIAC is located in Hong Kong, which may be inconvenient for parties from other jurisdictions, and the HKIAC Rules may not be suitable for all types of disputes.

The HKIAC Rules were amended in 2021 to reflect the latest international best practices, the HKIAC has launched a new online platform for filing arbitration claims, and the HKIAC has expanded its range of services to include mediation and conciliation.

The HKIAC Rules are likely to continue to be a popular choice for arbitration proceedings in Hong Kong and other jurisdictions, as they are based on international best practices, efficient and impartial, and offer a wide range of services to support arbitration proceedings.

The HKIAC Rules can be expensive, the HKIAC is located in Hong Kong, which may be inconvenient for parties from other jurisdictions, and the HKIAC Rules may not be suitable for all types of disputes.

The HKIAC Rules could be improved by making them more affordable, establishing offices in other jurisdictions, and amending the rules to make them more suitable for a wider range of disputes.

The HKIAC provides training and education on arbitration, promotes the use of arbitration as a means of resolving disputes, and supports the development of arbitration law and practice.