SIAC (2016)—the award and costs
Produced in partnership with Mr Alvin Yeo, Senior Counsel, Chairman & Senior Partner of Wong Partnership LLP, Singapore

The following Arbitration practice note produced in partnership with Mr Alvin Yeo, Senior Counsel, Chairman & Senior Partner of Wong Partnership LLP, Singapore provides comprehensive and up to date legal information covering:

  • SIAC (2016)—the award and costs
  • Definition of the award
  • The final award
  • Form and content of the award
  • Majority decision
  • Settlement and awards
  • Effect of the award
  • Correction of awards
  • Additional award
  • Costs of the arbitration
  • More...

SIAC (2016)—the award and costs

CORONAVIRUS (COVID-19): Many arbitral organisations have responded to the coronavirus pandemic with practical guidance and/or changes to their usual procedures and ways of working. For information on how this content and relevant arbitration proceedings may be impacted, see Practice Note: Arbitral organisations and coronavirus (COVID-19)—practical impact. For additional information, see: Coronavirus (COVID-19) and arbitration—overview.

This Practice Note considers the provisions dealing with awards and costs pursuant to the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) (6th edition) 2016 (2016 SIAC Rules).

The 2016 SIAC Rules apply to arbitrations commenced on or after 1 August 2016, unless the parties have agreed otherwise.

For guidance on the 2013 SIAC Rules, see: SIAC arbitration—overview.

Definition of the award

The SIAC rules specifically state that an award includes a partial, interim or final award, as well as the award of an emergency arbitrator (2016 SIAC Rules, r 1.3). In an arbitration under the 2016 SIAC Rules, the tribunal may make separate awards on different issues at different times during the course of the arbitration, unless the parties agree otherwise (2016 SIAC Rules, r 32.5). Every SIAC award shall be in writing and shall state the reasons upon which it is based unless the parties have agreed that no reasons are to be given (2016 SIAC Rules, r 32.4).

The final award

Where the tribunal is satisfied, following consultation with

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