Hong Kong one step closer to arbitration success fees

Amendments to the Arbitration Ordinance, gazetted today, are the latest stage in the process to allow lawyers to charge based on success in an arbitration. The amendments, long-awaited by clients, passed Hong Kong’s legislative review quickly and without substantive amendment, demonstrating the strong support in the territory for these long-awaited changes.

Hong Kong has enacted the sections of Part 10B Arbitration Ordinance that set out the framework for outcome-related fees in arbitration and establish an advisory body to draft appropriate regulations.

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