HKIAC publishes study on arbitrators’ hourly rates in administered cases
The Hong Kong International Arbitration Centre (HKIAC) has published a study on arbitrators’ hourly rates in HKIAC-administered arbitrations and United Nations Commission on International Trade Law (UNCITRAL) arbitrations over a five-year review period (1 January 2020–31 December 2024). The report, based on over 1,400 appointments and confirmations, shows that hourly rates generally correlate with the amount in dispute, with presiding arbitrators charging more than co-arbitrators and sole arbitrators. The most common rates fall between HK$6,000 and HK$6,500, close to the current cap under HKIAC Administered Arbitration Rules (HK$6,500), which will rise to HK$7,500 from January 2026. Rates exceeding the cap were rare, and UNCITRAL cases—where no cap applies—tended to have higher averages. Overall, the highest average rate observed was HK$6,017 for disputes above HK$1bn.