Hong Kong Ordinances

ARBITRATION ORDINANCE - SECT 2GH

Arbitral tribunal may award interest

Interest

(1) An arbitral tribunal may, in arbitration proceedings before it, award
simple or compound interest from such dates, at such rates, and with such
rests as the tribunal considers appropriate for any period ending not later
than the date of payment-

   (a)  on money awarded by the tribunal in the proceedings; or

   (b)  on money claimed in, and outstanding at the commencement of, the
        proceedings but paid before the award is made.

(2) Subsection (1) does not affect any other power of an arbitral  tribunal to
award interest, but is subject to any agreement of the parties to the
contrary. (Added 75 of 1996 s. 7)