Page 8 - SINGAPORE: Gateway to Dispute Resolution

THE SINGAPORE INTERNATIONAL ARBITRATION CENTRE (SIAC)
Why arbitrate at SIAC?
SIAC has a proven track record in providing neutral arbitration services to the global business community. SIAC arbitration awards have been enforced in many countries including Australia, China, Hong Kong, India, Indonesia, Jordan, Thailand, UK, USA and Vietnam, amongst other New York Convention countries. In 2016, a record 343 new cases were filed with SIAC. SIAC has a total active caseload of about 650 cases.
SIAC’s distinctive features include:
• User-friendly rules: SIAC’s Arbitration Rules provide a flexible, effective and user-friendly set of arbitral procedures that is well-suited to deal with disputes of all sizes and complexities. The 6th edition of SIAC’s Arbitration Rules (which came into effect on
1 August 2016) introduces a number of market-leading innovations, including a new procedure for the early dismissal of claims and defences (the first of its kind amongst
major institutional rules for commercial arbitration), as well as new provisions to deal with multi-party and multi-contract disputes. The 1st edition of the SIAC Investment Arbitration Rules came into effect on 1 January 2017. SIAC is the first commercial arbitral institution to offer a stand-alone set of rules to address the special features and demands of arbitration proceedings involving States, State-controlled entities or inter-governmental organisations, whether arising out of a contract, statute, treaty or other instrument.
• Special procedures: SIAC’s Arbitration Rules enable parties to avail themselves of certain “special procedures” namely:
• Emergency Arbitrator: SIAC was the first international arbitral institution in Asia to introduce provisions for the appointment of an emergency arbitrator to deal with requests for urgent interim relief prior to the constitution of a Tribunal. Since the introduction of this special procedure to the SIAC Rules in July 2010, SIAC has received and accepted over 65 emergency arbitrator applications, making SIAC a world leader in this area.
• Expedited Procedure: The Expedited Procedure provides a fast-track 6-month procedure for the efficient, cost-effective resolution of lower-value, less complex cases. Since the introduction of this special procedure to the SIAC Rules in July 2010, SIAC has received over 390 applications, of which over half have been accepted.
AN OVERVIEW OF SINGAPORE SICC MAXWELL MEDIATION SCMA SIAC ARBITRATION SINGAPORE SINGAPORE LAW LAW CHAMBERS