SIAC unveils new arbitration rules for 2025 with significant procedural enhancements
The Singapore International Arbitration Centre (SIAC) has announced the release of its 7th edition of Arbitration Rules, set to take effect on 1 January 2025. The SIAC Rules 2025 introduce several key innovations, including new procedures such as the Streamlined Procedure, Preliminary Determination and Coordinated Proceedings. The rules also expand the scope of the Expedited Procedure, enhance the Emergency Arbitrator process and incorporate the SIAC Gateway online case management system. Additionally, SIAC has revised its Schedule of Fees, offering a 50% discount on administration and arbitrator fees for low-value disputes utilising the new Streamlined Procedure. These changes aim to improve the efficiency and integrity of SIAC-administered arbitrations, reflecting the centre's experience in handling over 3,000 international cases since 2016.