Singapore International Arbitration Centre Definition

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/sɪŋəpɔː/ /ɪntəˈnaʃ(ə)n(ə)l/ /ɑːbɪˈtreɪʃ(ə)n/ /ˈsɛntə/

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What does Singapore International Arbitration Centre mean?

The Singapore International Arbitration Centre, an arbitral institution, based in Singapore. SIAC arbitrations are administered and conducted pursuant to the SIAC Arbitration Rules. The institution also provides services for ad hoc arbitrations.

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Arbitration annual round-up—investment treaty arbitration: reviewing 2017 and previewing 2018 [Archived]

Arbitration annual round-up—investment treaty arbitration: reviewing 2017 and previewing 2018 [Archived] ARCHIVED : This Practice Note has been archived and is not maintained. This year’s annual round-up reviews some of the most significant investment treaty arbitration developments of 2017 and previews what is on the horizon for 2018. This includes key awards in International Centre for Settlement of Investment Disputes (ICSID) and other investment treaty arbitration proceedings, the release of bespoke investment arbitration rules by leading institutions, and broader developments in the field of investor-state dispute settlement. Also included are updates on ��˾��ҹ��®’s content, including news of exciting developments from the past year and what is coming up in the next 12 months. Reviewing 2017 ICSID arbitration What happened? The ICSID announced in October 2016 that work had begun on updating and modernising the centre’s rules and regulations. ICSID invited comments and suggestions from ICSID Contracting States and, in February 2017, the wider public were encouraged to participate, including the arbitration community. It is the fourth such review...

Stay of proceedings in favour of arbitration in Singapore

Stay of proceedings in favour of arbitration in Singapore Singapore’s dual arbitration regime Singapore has a dual arbitration regime (as discussed in Dalian Hualiang Enterprise Group Co Ltd v Louis Dreyfus Asia Pte Ltd [2015] 4 SLR 646 at [32] (not reported by ��˾��ҹ��® UK)).). The Singapore Arbitration Act 2001 (2020 Rev Ed) governs domestic arbitration while the Singapore International Arbitration Act 1994 (2020 Rev Ed.) governs international arbitration, whether seated in Singapore or abroad. Section 5(2) of the IAA sets out when an arbitration is international. Under both section 6 of the AA and section 6 of the IAA, Singapore courts have the power to stay court proceedings when a party to an arbitration agreement commences court proceedings against any other party to the agreement. The exercise of such a power is premised on the fact that an arbitration agreement exists between the two parties and that there is a dispute between the parties which falls within the remit of that arbitration agreement. AA,...

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Case study—SIAC (2013)—Application for security for costs [Archived]

Case study—SIAC (2013)—Application for security for costs [Archived] ARCHIVED: This Precedent has been archived and is not maintained. SIAC ARBITRATION NO [INSERT NUMBER] OF 2015 IN THE MATTER OF AN ARBITRATION Between 1 WEIPA RESOURCES LIMITED Claimant and 2 SELANGOR RESOURCES SDN BHD Respondent APPLICATION FOR SECURITY FOR COSTS Orders sought 1 This is the Respondent’s application for the following orders: 1.1 That the Claimant provide security for the Respondent’s costs of the arbitration proceedings in the sum of [insert amount]; 1.2 That the Claimant provide the Respondent with the said security by way of [insert details of the form in which security is sought, eg banker’s draft/bank guarantee/solicitor’s undertaking]; 1.3 That these arbitration proceedings, and all procedural and administrative timelines in these arbitration proceedings, be suspended pending the provision of the security; and 1.4 That in the event the Respondent fails to provide the security in accordance with subparagraph (1.2) above by [insert date], that [set out consequences]. 2 The principal grounds relied on for...

SIAC (2013)—Notice of Arbitration [Archived]

SIAC (2013)—Notice of Arbitration [Archived] ARCHIVED: This Precedent has been archived and is not maintained. Note: This Precedent should be used in respect of arbitration proceedings under the Arbitration Rules of the Singapore International Arbitration Centre 2013 (5th edition) (2013 SIAC rules). The 2013 SIAC Rules apply to arbitrations commenced on or after 1 April 2013, unless the parties have agreed otherwise. In the matter of an arbitration administered by the Singapore International Arbitration Centre Parties 1 [insert name of Claimant] Claimant(s) And 2 [insert name(s) of Respondent] Respondent(s) 1 This Notice of Arbitration (Notice) is issued and filed pursuant to the Rule 3 of the Arbitration Rules of the Singapore International Arbitration Centre (5th Edition, 1 April 2013) (SIAC Rules). 2 Demand By way of this Notice, the Claimant demands that its dispute(s), with the Respondent(s) as set out below be referred to arbitration. 3 The Parties The (First) Claimant(s) is: [for each Claimant, insert name, address, telephone number(s), facsimile number(s) and electronic mail address(es)]...

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Can I apply for an expedited SIAC arbitration if proceedings have already commenced?

Can I apply for an expedited SIAC arbitration if proceedings have already commenced? Applying for expedited SIAC arbitration If you have already started a SIAC arbitration on behalf of a client, you can apply for an expedited procedure under r 5 of the SIAC Rules as long as the tribunal has not yet been constituted. However, the expedited procedure will only be applied where: • the sum in dispute (aggregate of the claim, counterclaim and any set off) does not exceed the equivalent of S$ 5 million (approximately, £2.5 million), or • the parties agree, or • there is exceptional urgency Therefore, the question of whether you can apply for an expedited SIAC arbitration will depend upon whether the circumstances of your case satisfy any one of these three criteria. For more information, see Practice Note: SIAC (2013)—commencing arbitration [Archived]—Expedited procedure under rule 5. If you are not able to satisfy any of the criteria for the application of the expedited procedure, there is

Which edition of the SIAC Arbitration Rules applies to my dispute?

Which edition of the SIAC Arbitration Rules applies to my dispute? On 1 August 2016, the 6th edition of the SIAC rules was launched (2016 SIAC Rules), and applies to SIAC arbitration proceedings commenced on or after 1 August 2016, unless the parties agree otherwise (SIAC, rule 1.2). The meaning of 'commenced' pursuant to the 2016 SIAC Rules is discussed below. The previous, 5th edition of the SIAC Rules came into force on 1 April 2013 (2013 SIAC Rules), and applies to arbitrations commenced on or after that date, unless the parties agree otherwise (SIAC, rule 1.2). When a dispute arises between the parties, as a first step, it is important to examine the precise wording and scope of any applicable arbitration agreement. It is assumed for the purposes of this Q&A that the parties have agreed in writing to arbitrate pursuant to the SIAC Rules. Note: this Q&A does not address the position in respect of arbitrations commenced before 1 April 2013. In the event that this is...

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Arbitration weekly highlights—30 January 2025

This week's edition of Arbitration weekly highlights includes: coverage of arbitration-related decisions from England, Singapore, Hong Kong and an ICSID tribunal; details on the progress of the UK’s Arbitration Bill; analysis of the confidentiality risks posed to arbitration proceedings by generative AI; and updates from QICCA, SIAC, WIPO and the AAA. All this, and more, in our weekly highlights.

Commentary—The evolution of SIAC arbitration—innovations driving efficiency and transparency

Mealey’s: On 9 December 2024, Singapore International Arbitration Centre (SIAC) officially released the 7th Edition of the SIAC Arbitration Rules (SIAC Rules 2025), which is in force from 1 January 2025. These updates have been anticipated since the first public consultation draft was released in August 2023, and reflect SIAC’s steps to address global concerns of time and costs in international arbitration.

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