The Singapore International Arbitration Centre
[‘SIAC'] published 7th
edition of SIAC Rules [‘SIAC Rules
2025'] on 01 January 2025. The SIAC Rules have gone
from strength to strength over a period of time, and the latest
edition of rules is no different or they just appear so. The
following updates have been introduced in SIAC Rules 2025.
New Definitions (Rule 2)
SIAC Rules 2025 introduce new definitions such as
“additional party”, “amount in dispute”,
“Claimant”, “Direct Economic Interest”,
“Emergency Arbitrator”, “party or parties”,
“Practice Notes”, “Respondent”,
“Schedule of Fees”, “Schedule”, “SIAC
Gateway”, “SIAC Secretariate”, “third party
funder”, and “third party funding agreement”.
