The SIAC Rules of Arbitration (“SIAC Arbitration Rules”) are applied in the arbitral proceedings when Parties have agreed to SIAC arbitration to resolve their dispute. Used for settlement of international arbitration disputes, they represent an important recourse under the auspices of the Singapore International Arbitration Center (SIAC). With its presence in Singapore, China, India and South Korea, SIAC dispute settlement and SIAC Arbitration Rules got an almost global reach.
The SIAC Rules of Arbitration changed over years, following changing needs of business world. Since the beginning of the 90s, these rules followed the pace and aimed to adapt to quick paced business relations in the Far East.
The SIAC was created in 1991. Unsurprisingly, its first arbitration rules date from 1991. The original SIAC Rules of Arbitration may be downloaded here: SIAC Arbitration Rules 1991.
The 1991 SIAC Arbitration Rules were first revised in 1997. This version may be downloaded here: SIAC Arbitration Rules 1997.
The third version of the SIAC Rules of Arbitration was published in 2007. These rules may be downloaded here: SIAC Arbitration Rules 2007.
In 2010, another version of SIAC Rules of Arbitration has been issued and this revision is available 2010 SIAC Arbitration Rules.
However, the fifth revision of the Rules came only three years after, in 2013. This version can be found here: 2013 SIAC Arbitration Rules.
Currently, the sixth revision of the Rules which was published in 2016, is in use. This revision can be found here 2016 SIAC Arbitration Rules.
Also, in 2017, SIAC published the first version of the SIAC Rules of Arbitration specialized for Investment Arbitration. Their aim is to meet the specific needs and issues appearing in conducting the investment arbitration disputes. The innovative features of these rules regard specific characteristics of the parties to this type of arbitration – state entities, host states and intergovernmental entities. Provisions relating to confidentiality and disclosure of information and the capacity of the Tribunal to order disclosure of third-party funding arrangements of the parties are just some of them.
The 2017 SIAC Arbitration Rules specialized for Investment Arbitration can now be found here: 2017 SIAC Investment Arbitration Rules.