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ARTICLE · 20 NOVEMBER 2023

SIAC's New 'Streamlined Procedure': An Innovative Proposal For Even Faster-track Arbitration

Schellenberg Wittmer Ltd
Schellenberg Wittmer Ltd
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Schellenberg Wittmer Ltd

Schellenberg Wittmer Ltd

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On 22 August 2023, the Singapore International Arbitration Centre released its much-awaited Draft 7th Edition of the SIAC Rules as part of its Public Consultation process with regard to the Draft Rules.

SingaporeLitigation, Mediation & Arbitration
Julie Raneda
Julie Raneda
Alvin Tan
Alvin Tan
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On 22 August 2023, the Singapore International Arbitration Centre ("SIAC") released its much-awaited Draft 7th Edition of the SIAC Rules (the "Draft Rules") as part of its "Public Consultation" process with regard to the Draft Rules. The Draft Rules aim to incorporate significant improvements to the already robust and effective SIAC Arbitration Rules (6th Edition, 1 August 2016), with a focus on addressing users' need for greater "efficiency, expedition and cost-effectiveness" in arbitration.

One of the major revisions to this end is the introduction of an innovative Streamlined Procedure for the conduct of arbitration, which is intended to be an additional, alternative framework to the existing standard SIAC arbitration procedure and the Expedited Procedure ("EP") under the current Rules. In this newsflash, we highlight and discuss the key features of this proposed mechanism.

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