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May 29, 2007

Singapore International Arbitration Centre (SIAC) Issues New Arbitration Rules and Fee Arrangements

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The SIAC has published this week a new set of Arbitration Rules ("New Rules") which come into effect on 1 July 2007, replacing the current 2nd edition of the SIAC Rules issued ten years ago. The New Rules introduce significant changes to the SIAC's arbitration procedures, its role in administering arbitrations, as well as its fee structures. While some of these changes appear inspired by the popular ICC arbitration rules, the New Rules also incorporate certain innovative features. This newsletter reviews the major changes implemented by the New Rules.

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