[HK] AO Hong Kong Arbitration Ordinance
[HK] AO
Hong Kong Arbitration Ordinance
ZivilrechtZivilprozessrecht
Schiedsverfahrensrecht
(1) Unless otherwise agreed by the parties, an arbitral tribunal may, in the arbitral proceedings before it, award simple or compound interest from the dates, at the rates, and with the rests that the tribunal considers appropriate, subject to section 80, for any period ending not later than the date of payment—
(a) on money awarded by the tribunal in the arbitral proceedings;
(b) on money claimed in, and outstanding at the commencement of, the arbitral proceedings but paid before the award is made; or
(c) on costs awarded or ordered by the tribunal in the arbitral proceedings.
(2) Subsection (1) does not affect any other power of an arbitral tribunal to award interest.
(3) A reference in subsection (1)(a) to money awarded by the tribunal includes an amount payable in consequence of a declaratory award by the tribunal.
Source: HK e-legislation
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