Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (ARBITRATION) RULES - SECT 19

Statement of defence or counterclaim

Caution: This is a past version. See the current version here.

(1) The respondent shall send a statement of defence in writing to the
claimant and to the arbitrator in accordance with section 13(3) and

(4), within 14 days from the date the statement of claim is received by him
under section 34.

(2) The statement of defence shall reply to the particulars of the statement
of claim referred to in section 18(3)(b), (c) and (d).

(3) The respondent may annex to a statement of defence documents on which he
relies for his defence or may add a reference to the documents or other
evidence he intends to submit.

(4) In his statement of defence, or at a later stage in the arbitration
proceedings if the arbitrator decides that the delay was justified under the
circumstances, the respondent may make a counter-claim arising out of the same
agreement or rely on a claim arising out of the same agreement for the purpose
of a set-off.

(5) The provisions of section 18 in relation to particulars of the claim shall
apply to a counter-claim and a claim relied on for the purpose of a set-off.
(Enacted 1994)