[HK] AO Hong Kong Arbitration Ordinance
[HK] AO
Hong Kong Arbitration Ordinance
(1) Interest is payable on money awarded by an arbitral tribunal from the date of the award at the judgment rate, except when the award otherwise provides.
(2) Interest is payable on costs awarded or ordered by an arbitral tribunal from—
(a) the date of the award or order on costs; or
(b) the date on which costs ordered are directed to be paid forthwith,
at the judgment rate, except when the award or order on costs otherwise provides.
(3) In this section, judgment rate (判定利率) means the rate of interest determined by the Chief Justice under section 49(1)(b) (Interest on judgments) of the High Court Ordinance (Cap. 4).
Import: