On July 19, 2019, the Beijing Arbitration Commission (“BAC”) issued a new version of the Beijing Arbitration Commission Arbitration Rules and an appendix “Fee Schedule” (which will be effective on September 1, 2019, the “New Rules”). The New Rules introduce revisions or formulate new provisions, including with respect to the fee schedule, the administration of arbitration procedures, and multi-contract arbitrations. Among them, the revision of the arbitrator's fee schedule is considered to be groundbreaking and of great significance.