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.