Singapore International Arbitration Centre
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Singapore International Arbitration Centre Details
Since commencing operations in 1991 as an independent, not-for-profit organisation, SIAC has established a track record for providing best in class arbitration services to the global business community. SIAC arbitration awards have been enforced in many jurisdictions including Australia, China, Hong Kong SAR, India, Indonesia, Jordan, Thailand, UK, USA and Vietnam, amongst other New York Convention signatories. SIAC is a global arbitral institution providing cost-competitive and efficient case management services to parties from all over the world. SIAC's Board of Directors and its Court of Arbitration consists of eminent lawyers and professionals from all over the world. The Board is responsible for overseeing SIAC's operations, business strategy and development, as well as corporate governance matters. The Court's main functions include the appointment of arbitrators, as well as overall supervision of case administration at SIAC. SIAC has an experienced international panel of over 400 expert arbitrators from over 40 jurisdictions. Appointments are made on the basis of our specialist knowledge of an arbitrator's expertise, experience, and track record. SIAC's panel has over 100 experienced arbitrators in the areas of Energy, Engineering, Procurement and Construction from more than 25 jurisdictions.The SIAC Rules provide a state-of-the-art procedural framework for efficient, expert and enforceable resolution of international disputes of all sizes and complexities involving parties from diverse legal systems and cultures. SIAC's full-time staff manage all the financial aspects of the arbitration, including:• Regular rendering of accounts• Collecting deposits towards the costs of arbitration• Processing the Tribunal's fees and expenses SIAC supervises and monitors the progress of the case. SIAC's scrutiny process enhances the enforceability of awards. SIAC's administration fees are highly competitive.
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