Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (ARBITRATION) RULES - SECT 33

Deposits of costs

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

(1) At any time during the arbitration proceedings, the arbitrator may require
any party to deposit with the clerk such sum or sums to defray the expenses of
the arbitration if the arbitrator considers it expedient to do so in the
circumstances.

(2) The arbitrator shall determine the amount of any deposit, taking into
account the amount in dispute, the complexity of the subject matter, the costs
incurred or to be incurred by the arbitrator and other relevant circumstances
of the case.

(3) If payment of the required deposits is not made within 14 days after
receipt of the request, the arbitrator may order the termination of the
arbitration proceedings in accordance with the provisions of section  28 .

(4) After the termination of proceedings, the clerk shall, with the assistance
of the arbitrator, render an accounting to the parties of the total deposits
received under these Rules and, after all the costs required to be borne by a
party have been paid, return any unexpended balance of its portion of the
deposits to the party in question. (Enacted 1994)