SIAC publishes new arbitration rules

The Singapore International Arbitration Center (SIAC) has published the fourth edition SIAC Arbitration Rules, a new set of procedural rules for arbitrations to be administered by it. The Rules were drafted by the Rules Committee of the SIAC Board of Directors consisting of Mr. David Rivkin (Chairman) Mr. Sundaresh Menon (Deputy Chairman), Ms. Judith Gill, QC, Mr. Pierre-Yves Gunter and Mr. John Savage. The Rules came into effect on July 1, 2010 replacing the 2007 Rules. 

The special features of the new Rules include: (i) an expedited procedure to be followed in cases involving sums not exceeding S$5million or cases of extreme urgency or cases where parties agree; (ii) provision for appointment of Emergency Arbitrator to issue interim measures pending the constitution of the tribunal.