Introduction
On 5 October 2020, the Singapore parliament passed the
International Arbitration (Amendment) Bill (the
“Bill”), which was assented to the
President on 5 November 2020, introducing two key amendments to the
International Arbitration Act (Cap. 143A) (the
“IAA”). The amendments aim to enhance
the current framework in Singapore, so as to ensure that
Singapore's arbitration regime remains responsive and
relevant to evolving needs.
In summary, the two key amendments to the IAA are as
follows:
- to provide for the default procedure for the appointment of
arbitrators in multi-party arbitrations; and
- to recognise that an arbitral tribunal, the High Court, or a
Judge has powers to make orders or give directions to any party to
an arbitration for enforcing any obligation of
confidentiality.