SIAC

The Singapore International Arbitration Centre (SIAC) is an independent institution based in Singapore that administers international arbitration and mediation. It is among the world’s leading arbitral institutions, known for its rules-based procedures, efficient case management, and a broad roster of arbitrators. SIAC handles disputes across commercial sectors and serves a global client base.

Established in 1991 by the Singapore government in collaboration with the legal community, SIAC was created to position Singapore as a regional hub for dispute resolution. Since then it has expanded its services and promulgated a suite of arbitration and mediation rules designed to facilitate efficient, cost-effective resolution of cross-border disputes.

SIAC operates under its own Rules, which provide standard, expedited (fast-track), and emergency relief procedures, as well as mechanisms for multi-party and multi-contract disputes. The typical seat is Singapore, and proceedings are commonly conducted in English. Awards issued under SIAC Rules are generally eligible for recognition and enforcement under the New York Convention.

Administration and services: As administrator, SIAC handles arbitrator appointments, timetable management, document handling, and cost management. It offers transparent fee structures and provides a range of dispute resolution services, including mediation, to support clients seeking alternative means of settlement. SIAC emphasizes efficient administration, flexibility, and accessibility for international commercial disputes.

Impact and significance: SIAC has contributed to Singapore’s status as a dispute-resolution hub and serves as a prominent alternative to other international centers. Its ongoing development of rules and procedures aims to meet evolving needs in international commerce and cross-border contracting.