SIAC Introduces Seventh Edition Of Rules

The Singapore International Arbitration Centre ("SIAC") introduced its seventh edition of the SIAC Rules (the "2025 SIAC Rules"), which features a broad suite of changes aimed at promoting procedural efficiency, transparency and fairness for disputes of varying complexity and scale. The 2025 SIAC Rules include new procedures and enhancements to existing processes to address ongoing criticisms of arbitration. The 2025 SIAC Rules will apply by default to any SIAC arbitration commenced on or after 1 January 2025, unless otherwise agreed by the parties.

Streamlined Procedure (Rule 13, Schedule 2)

The 2025 SIAC Rules introduce a new "Streamlined Procedure" designed for low-value disputes of low complexity. The Streamlined Procedure may be applied by agreement between the parties, or where the amount in dispute is less than SGD 1 million (unless otherwise determined by the President upon application by either party, or if the parties agree to exclude the application