Telecommunications Ordinance Part 4 4-12 Section 14 Cap. 106 (a) the licensee and the person having a lawful interest in the land concerned shall endeavour to come to an agreement as to the fee to be paid under subsection (2)(ii) by the licensee to that person; (b) in the absence of any such agreement within a reasonable time, then— (i) the fee, and the terms and conditions in accordance with which it shall be payable, shall be determined by arbitration under the Arbitration Ordinance (Cap. 609); and (Amended 17 of 2010 s. 112) (ii) for the purpose of subparagraph (i), the licensee and the person having a lawful interest in the land concerned shall be regarded as having made an arbitration agreement within the meaning of that Ordinance the provisions of which agreement shall be deemed to include— (A) a provision that the fee, and the terms and conditions in accordance with which it shall be paid, shall, in the absence of agreement, be determined by a single arbitrator; and (B) a provision equivalent to subsection (7). (Added 36 of 2000 s. 8) (6) In any arbitration subsection (5)(b)— proceedings for the purposes of (a) regard shall be given to— (i) the principle that the fee to be paid shall be fair and reasonable in all the circumstances of the case, including, but not limited to, factors relating to cost, property-value and the benefits to be derived from the authorization concerned referred to in subsection (1A); Last updated date 2.8.2012