08 Jul 2010
Changes to SIAC Arbitration Rules
The Singapore International Arbitration Centre (SIAC) has released a revision of its SIAC Arbitration Rules (SIAC Rules). This is the first major revision of the SIAC Rules since 2007. The revised SIAC Rules took effect on 1 July 2010 and will apply to any arbitration commenced under SIAC Rules on or after 1 July 2010, unless the parties expressly agreed otherwise.
The changes include:
It is important to consider whether and how these changes will influence future arbitration proceedings under the SIAC Rules and when drafting arbitration clauses incorporating the SIAC Rules.
In the meantime, please contact our international arbitration team if you have any questions regarding these changes.
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