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⚖ On 1 January 2025, the 7th edition of the Arbitration Rules of the Singapore International Arbitration Centre came into force. The new SIAC Rules 2025 introduce new procedures and enhance existing process with the aims of achieving fairness of the proceedings, efficiency in the conduct of the arbitration proportionate to the amount and complexity of issues in dispute, and enforceability of any award. Our experts summarise the key changes in this article 👉 https://lnkd.in/gjRRyWwV #Arbitration #InternationalArbitration #DisputeResolution Paul Collier Ik Wei Chong Leon Alexander Andrew Bicknell Sean Hardy Junxiang Koh Terence Liew Nicholas Lum Prakash Pillai Ian Roberts Nicholas Sykes Eugene Tan Weiyi Tan Sandra Tan

Singapore International Arbitration Centre (SIAC) officially released the 7th Edition of the SIAC Arbitration Rules on 9 December, which will come into force on 1 January 2025. Given SIAC’s position as the second most preferred arbitral institution globally and the rise of Singapore as the top global hub for international arbitration, these updates have the potential for wide-reaching impacts and may lead other institutions to adopt similar changes. The authors of this piece—both former members of the SIAC Secretariat—reflect on the path that SIAC has taken since the 6th Edition and some of the key provisions that will be most interesting to users of SIAC arbitration in the future. ➡️ https://ow.ly/kBug50UtgJ3 #SIAC | #InternationalArbitration | #Arbitration

🆕 The Singapore International Arbitration Centre (“SIAC”) recently unveiled the 7th edition of its Arbitration Rules, which came into effect on January 1, 2025. This update follows extensive consultation with a diverse group of stakeholders, including arbitration practitioners, businesses, in-house counsel, government representatives, and academics. The 7th edition Arbitration Rules of the SIAC serves as an update to the existing SIAC Rules 2016. This article highlights the key updates in the SIAC Rules 2025 and explores their practical implications for parties, arbitration practitioners as well as tribunals. ➡️ Read the full article here: https://lnkd.in/dvZPay4Q Wei Ming Tan | Lynette Chew 周 美玲 | Lakshanthi Fernando | Adel Zaid Hamzah #CMSlaw #arbitration #SIAC #internationalarbitration

🌟 The 2025 SIAC Rules on Arbitration: Leading the Way in Efficiency and Transparency 🌟 As we step into 2025, the Singapore International Arbitration Centre (SIAC) has unveiled its 7th edition of the SIAC Arbitration Rules, set to take effect from January 1, 2025. These updates mark a significant stride towards enhancing the efficiency and transparency of arbitration proceedings. Here's a detailed look into the key changes: 🔍 Key Innovations 1. Streamlined Procedure : - For disputes below SGD 1 million or with agreed application before tribunal constitution. - Sole arbitrator appointment and award within three months. - Excludes document production and witness evidence unless necessary. 2. Expedited Procedure: - Threshold raised to SGD 10 million. - Sole arbitrator and award within six months. - Hearing required if tribunal decides or requested by any party. 3. Emergency Arbitrator Procedure : - Requests before filing a Notice of Arbitration allowed. - Protective preliminary orders ex parte. - Decisions within 24 hours. 🛠️ Procedural Enhancements 1. Preliminary Determination : - Final and binding determinations on any issue at a preliminary stage, aiding in time and cost savings. 2. Coordination of Multiple Arbitrations: - Streamlining processes where the same tribunal is involved, avoiding duplication. 3. Online Case Management : - Incorporation of SIAC Gateway for efficient and transparent management of proceedings. ⚖️ Implications for Arbitration Users The updated rules ensure: - Enhanced efficiency in resolving disputes. - Transparency in processes and decision-making. - Protection of parties' rights through structured and timely proceedings. 📈 Moving Forward The SIAC Rules 2025 set a new standard in the arbitration landscape, ensuring that arbitration remains a preferred method for resolving disputes. By adopting these innovations, SIAC continues to solidify its reputation as a forward-thinking institution committed to excellence. #Arbitration #SIAC #LegalInnovation #DisputeResolution #2025Rules #SIACRULES

On 1 June 2024, the 2024 Administered Arbitration Rules of the Hong Kong International Arbitration Centre will come into effect. The 2024 Rules maintain HKIAC’s “light touch” approach to case administration, which respects party autonomy and has been a fundamental feature of HKIAC administered arbitrations. This means that parties who have adopted arbitration under the HKIAC Administered Arbitration Rules in force when the arbitration commences can rest assured that the regime they have adopted continues to apply with no unforeseen drastic changes, while benefitting from enhancements and improvements. The key changes seek to enhance time and cost efficiency of arbitrations, protect their integrity, and promote diversity and greener arbitrations. Many of the changes incorporate HKIAC’s existing practices into the rules. Read the full alert on these changes on Baker McKenzie's InsightPlus. #bakermckenzie #international arbitration #hkiac #hongkong

On 1 June 2024, the 2024 Administered Arbitration Rules of the Hong Kong International Arbitration Centre will come into effect. The 2024 Rules maintain HKIAC’s “light touch” approach to case administration, which respects party autonomy and has been a fundamental feature of HKIAC administered arbitrations. This means that parties who have adopted arbitration under the HKIAC Administered Arbitration Rules in force when the arbitration commences can rest assured that the regime they have adopted continues to apply with no unforeseen drastic changes, while benefitting from enhancements and improvements. The key changes seek to enhance time and cost efficiency of arbitrations, protect their integrity, and promote diversity and greener arbitrations. Many of the changes incorporate HKIAC’s existing practices into the rules. Read the full alert on these changes on Baker McKenzie's InsightPlus. #bakermckenzie #international arbitration #hkiac #hongkong

With a focus on time, cost and procedural efficiency, the SIAC Rules 2025 signify some important and welcome changes for arbitration users and counsel. My colleagues Wei Ming Tan, Lynette Chew 周 美玲 and Adel Zaid Hamzah summarise the key updates in our latest Law-Now ⬇️

To end the year on a brighter note, the new rules of the Singapore International Arbitration Centre come into force on 1 January 2025. In several respects, these are groundbreaking, as explored in our in-depth review available below. This is the first update to the rules in almost nine years following a lengthy and extensive consultation. The rules introduce new procedures and confer additional powers and duties on tribunals aimed at improving efficiency in the conduct of proceedings. Whilst the existing framework for SIAC arbitrations is preserved, these new provisions are likely to impact procedural strategy and maneuvering. Of particular note is the conferral of power on emergency arbitrators to issue ex parte relief (without notice to the respondent). If followed by other leading arbitral institutes, this approach could represent a paradigm shift for emergency arbitration. The new rules apply by default to arbitrations commenced on or after 1 January 2025 regardless of when the arbitration agreement was entered into (unless it references an earlier version of the rules, in which case that version will apply). The 2025 SIAC Rules are available here: https://lnkd.in/g3NR7wRN #arbitration #internationalarbitration #singapore #asiapacific

⭐12 Historical Milestones⭐ 𝟰. 𝗩𝗜𝗔𝗖 𝗲𝗻𝗵𝗮𝗻𝗰𝗲𝘀 𝗮𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝘁𝗼 𝘁𝗵𝗲 𝗩𝗶𝗲𝗻𝗻𝗮 𝗥𝘂𝗹𝗲𝘀 𝗮𝗻𝗱 𝗽𝗿𝗼𝗺𝗼𝘁𝗲𝘀 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 When the Vienna Rules were updated in 𝟮𝟬𝟬𝟲, VIAC initiated an ongoing project to bring the Rules closer to users worldwide. The 𝟮𝟬𝟮𝟭 Vienna Rules have been translated into 11 different languages. The VIAC Handbook, which was published in 𝟮𝟬𝟭𝟯 and 𝟮𝟬𝟭𝟴 is designed for practitioners, it has each article of the rules reproduced in their entirety and provides detailed comments and background information on the amendments. The new edition of the VIAC Handbook, dedicated to the 50th Anniversary of VIAC will be published in October 𝟮𝟬𝟮𝟱. VIAC’s Selected Arbitral Awards, Volumes I (published in 𝟮𝟬𝟭𝟱) and II (available online since 𝟮𝟬𝟮𝟰), provide a unique and valuable insight into various important and challenging procedural and substantive issues that have arisen over the years. Such publications foster greater familiarity, predictability, and confidence in the international arbitral process. To further foster transparency, VIAC also publishes the names of all arbitrators acting in VIAC cases where the file has already been transferred to the arbitral tribunal (the list is available here). 𝘈𝘪𝘮𝘪𝘯𝘨 𝘢𝘵 𝘧𝘰𝘴𝘵𝘦𝘳𝘪𝘯𝘨 𝘵𝘳𝘶𝘴𝘵 𝘢𝘯𝘥 𝘱𝘳𝘰𝘮𝘰𝘵𝘪𝘯𝘨 𝘧𝘢𝘪𝘳𝘯𝘦𝘴𝘴 𝘪𝘯 𝘪𝘯𝘵𝘦𝘳𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘢𝘳𝘣𝘪𝘵𝘳𝘢𝘵𝘪𝘰𝘯, 𝙬𝙚 𝙘𝙤𝙢𝙢𝙞𝙩 𝘵𝘰 𝘶𝘱𝘩𝘰𝘭𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘣𝘢𝘭𝘢𝘯𝘤𝘦 𝘣𝘦𝘵𝘸𝘦𝘦𝘯 𝘵𝘳𝘢𝘯𝘴𝘱𝘢𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘤𝘰𝘯𝘧𝘪𝘥𝘦𝘯𝘵𝘪𝘢𝘭𝘪𝘵𝘺 𝘢𝘯𝘥 𝘱𝘳𝘰𝘷𝘪𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘶𝘴𝘦𝘳𝘴 𝘸𝘪𝘵𝘩 𝘢𝘴 𝘮𝘶𝘤𝘩 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘢𝘴 𝘪𝘴 𝘢𝘱𝘱𝘳𝘰𝘱𝘳𝘪𝘢𝘵𝘦 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘰𝘯 𝘨𝘰𝘰𝘥. #VIAC50 #InternationalArbitration #Arbitration #Celebration #VIAC Nikolaus Pitkowitz, Patrizia Netal, Franz Schwarz, Niamh Leinwather, Elisabeth Vanas-Metzler

The 2025 SIAC Rules are available here: https://lnkd.in/g3NR7wRN The new rules apply by default to arbitrations commenced on or after 1 January 2025 regardless of when the arbitration agreement was entered into (unless it references an earlier version of the rules, in which case that version will apply).