The Singapore International Arbitration Centre (SIAC) released its new arbitration rules which took effect on July 1, 2010. The new rules bring the SIAC more in line with the rules at other arbitral institutions. Among the new features are the availability of an expedited procedure when the amount in dispute does not exceed $5 million, when the parties agree, or in cases of exceptional urgency. The rules also provide for the ability to appoint an emergency arbitrator to seek interim relief before the tribunal is formed. Click here for the SIAC Rules of 2010.
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