Examples of HKIAC in a sentence
If the two appointed arbitrators of the parties do not agree on the third arbitrator, or the Company do not agree on their arbitrator, within a period of 30 calendar days, the HKIAC shall appoint the Company and/or the third arbitrator.
The arbitral award made by HKIAC shall be final and binding upon the parties.
If either party to the arbitration does not appoint an arbitrator who has consented to participate within 30 days after selection of the first arbitrator, the relevant appointment shall be made by the Chairman of the HKIAC.
The arbitration shall be conducted in Hong Kong under the auspices of the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with the HKIAC Administered Arbitration Rules then in effect, which rules are deemed to be incorporated by reference into this Section 4.1. There shall be three (3) arbitrators.
If either the claimant or the respondent fails to select an arbitrator or the parties fail to agree on the choice of the third (3rd) arbitrator, HKIAC shall make the appointment on their behalf.