Singapore International Arbitration Centre

Release:2019-06-13   Click:1011

Singapore International Arbitration Centre (SIAC) was established in 1990 as a guarantee company established under the Republic of Singapore. Its purpose is to provide services for arbitration and mediation of international and domestic commercial legal disputes; to promote arbitration and the wide application of mediation in resolving legal disputes; and to cultivate arbitrators and experts familiar with international commercial arbitration laws and practices. SIAC can handle international and domestic commercial legal disputes, but are mainly interested in disputes in construction, shipping, banking and insurance. SICA has a list of arbitrators from all over the world and may, at the request of the parties or the tribunal, provide the parties with a range of services such as the facilities and assistance required to properly arrange the arbitrary proceedings, including the accommodation, secretarial and translation of the tribunal during the trial. The current effective rules SIAC has followed are the Singapore International Arbitration Center Arbitration Rules, which came into effect on October 22, 1997. The rules are based on the arbitration rules of the United Nations Commission on International Trade Law.

 

According to the 1997 Rules, the parties may agree on starting an arbitrary procedure. If there is no agreement or the rules are not specified, the tribunal shall decide the procedure within the scope permitted by applicable law.The parties may agree on the number of arbitrators. If they do not agree, they shall appoint a sole arbitrator. If there are three or more parties in the arbitration, they shall endeavour to reach an agreement on the procedure for appointing the arbitrator. The agreement was not reached within the prescribed time limit and the arbitrator shall be appointed by the chairman as soon as possible upon receipt of a request from one of the parties. The arbitrator shall, when conducting arbitration in accordance with these Rules, be and shall remain independent and impartial throughout the process and shall not be the representative of either party. The Candidate Arbitrator shall disclose to any person who may be appointed to him any circumstances that may justify his or her impartiality or independence. The tribunal has the power to determine its own jurisdiction, including any objection to the existence, termination and validity of the arbitration agreement. The Center staff, employees or agents, or any arbitrator, should not be responsible for the act or omission of an arbitrator or the fault of arbitration in accordance with these Rules, and the law in the course of the proceedings or in the making of the award, factual or procedural errors.

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