Below is our AALCO Hong Kong Regional Arbitration Centre model arbitration clause:
“Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the AALCO Hong Kong Regional Arbitration Centre Platform Arbitration Rules.”
AALCO Hong Kong Regional Arbitration Centre Platform Arbitration Rules
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Below are optional
Parties using the model clause could also consider adding:
- The number of arbitrators shall be [one/three].
- The place of arbitration shall be Hong Kong.
- The applicable law of the arbitration agreement and of the procedure for the arbitration conducted under the AALCO Hong Kong Regional Arbitration Centre Platform Arbitration Rules shall be the laws of the Hong Kong SAR.
- The language used in the arbitration under the AALCO Hong Kong Regional Arbitration Centre Platform Arbitration Rules shall be [English/Arabic/Chinese/such language as the Parties agree].
- The parties agree that the arbitral tribunal may decide to conduct the hearings via physical and/or online meetings, rather than defaulting entirely to online video hearing platform under Article 28.1 of the AALCO Hong Kong Regional Arbitration Centre Platform Arbitration Rules. The relevant rules, in particular, Article 28.5, only apply if there are any online hearings and to the extent of such online hearings.
- The parties hereby waive their right to any form of recourse against an award to any court or other competent authority, insofar as such waiver can validly be made under the applicable law.