HKIAC Average Costs and Duration
The Hong Kong International Arbitration Centre (“HKIAC”) is pleased to release the average costs and duration of an HKIAC arbitration. The data published below reflects the results of cases administered by HKIAC under the 2013 HKIAC Administered Arbitration Rules (the “Rules”) in which a final award was issued.
In summary, the mean duration of an HKIAC arbitration is 12.25 months and the median duration is 11.60 months. The mean total costs of arbitration are US$65,721.26 and the median total costs of arbitration are US$31,704.04.
The following methodology was used to produce the data:
- All arbitrations under the Rules which progressed to a final award were identified.
- Duration refers to the period between the date of commencement of the arbitration and the date of the final award, inclusive of any stay periods.
- Costs of arbitration include HKIAC’s administrative fees and the arbitral tribunal’s fees and expenses only.
|Duration||12.25 months||11.60 months|
|Tribunal's Fees and Expenses||US$52,643.87||US$19,587.63|
|HKIAC's Administrative Fees||US$13,077.39||US$9,281.49|
|Costs of Arbitration||US$65,721.26||US$31,704.04|
Expedited Procedure proceedings
|Duration||6.46 months (4.42 months)1||6.52 months (4.08 months)2|
|Tribunal's Fees and Expenses||US$24,275.13||US$16,978.09|
|HKIAC's Administrative Fees||US$14,981.48||US$6,744.06|
|Costs of Arbitration||US$39,256.61||US$23,722.16|
Emergency Arbitrator proceedings
|Duration||14 days||14 days|
|Emergency Arbitrator's Fees and Expenses||US$35,225.52||US$35,225.52|
|HKIAC's Administrative Fees||US$5,798.97||US$5,798.97|
|Costs of Emergency Arbitrator Proceedings||US$41,024.48||US$41,024.48|
Last updated on 14 December 2016
Queries may be addressed to:
Hong Kong International Arbitration Centre
38th Floor, Two Exchange Square
8 Connaught Place
Telephone: +852 2525 2381
Fax: +852 2524 2171