Arbitration Institutions and Rules, Arbitrator's Fees, BAC, China, Costs in arbitral proceedings, Institutional Arbitration
One Giant Leap for Chinese Arbitration: An Introduction to the New BAC/BIAC Fee Schedule
On 19 July 2019, Beijing Arbitration Commission a.k.a. Beijing International Arbitration Center (the “BAC/BIAC”) released its amended Arbitration Rules (the “Rules”) and Fee Schedule (the “Fee Schedule”), both of which will take effect on 1 September 2019. An Overview of BAC/BIAC’s New Fee Schedule The amendments introduced many reforms to reduce the time and…