[HK] AO Hong Kong Arbitration Ordinance
[HK] AO
Hong Kong Arbitration Ordinance
A damages-based agreement is an agreement, made between a client and a lawyer of the client for a matter, under which—
(a) the lawyer agrees with the client to be paid for the matter only in the event the client obtains a financial benefit in the matter (DBA payment); and
(b) the DBA payment is calculated by reference to the financial benefit that is obtained by the client in the matter.
Import: