[HK] AO Hong Kong Arbitration Ordinance
[HK] AO
Hong Kong Arbitration Ordinance
(1) Unless otherwise agreed by the parties, an arbitral tribunal may direct that the recoverable costs of arbitral proceedings before it are limited to a specified amount.
(2) Subject to subsection (3), the arbitral tribunal may make or vary a direction either—
(a) on its own initiative; or
(b) on the application of any party.
(3) A direction may be made or varied at any stage of the arbitral proceedings but, for the limit of the recoverable costs to be taken into account, this must be done sufficiently in advance of—
(a) the incurring of the costs to which the direction or the variation relates; or
(b) the taking of the steps in the arbitral proceedings which may be affected by the direction or the variation.
(4) In this section—
(a) a reference to costs is to be construed as the parties’ own costs; and
(b) a reference to arbitral proceedings includes any part of those arbitral proceedings.
Imported: