The Singapore International Arbitration Centre (SIAC) has ushered in a new era of arbitration with the implementation of its SIAC Arbitration Rules 7th Edition effective from 1 January 2025 (SIAC Rules 2025). The SIAC Rules 2025 introduces several significant changes from introducing new streamlined procedures to enhancements of emergency arbitrator procedure.
For businesses engaged in cross-border transactions or high-value commercial relationships, understanding these developments is vital, especially when negotiating dispute resolution clauses in their contracts.
At RBN Chambers LLC, we explain the key changes and their implications for companies operating in Singapore and internationally, now with references to the specific SIAC Rules.
The revised rules strengthen interim relief capabilities through the provision of Emergency Arbitrator.
This reform enhances the availability of urgent relief measures and provides greater protection in high-stakes commercial scenarios.
A new Streamlined Procedure has been introduced for disputes where the total sum in dispute does not exceed SGD 1 million.
This procedure offers a faster and more cost-effective option for resolving smaller disputes.
The monetary threshold for the Expedited Procedure has been raised from SGD 6 million to SGD 10 million.
This option allows parties greater flexibility and efficiency, particularly in urgent or mid-sized disputes.
In line with increasing transparency standards, SIAC now requires disclosure of third-party funding:
This rule promotes fairness and procedural integrity in arbitration.
Parties can now request a final and binding preliminary determination on specific legal or procedural issues. This is permitted if:
This is an efficient tool for resolving threshold issues early in the proceedings.
The 2025 Rules enhance the tribunal’s ability to manage complex or multi-party disputes:
These enhancements help reduce procedural delays and focus proceedings on the real issues in dispute.
Parties applying for emergency relief may also request an ex parte protective preliminary order. This is a remedy sought without notifying the opposing party when notification iself would undermine the relief.
This procedure is especially useful in preserving confidentiality or preventing asset dissipation in time-sensitive situations.
The SIAC Rules 2025 mark a significant milestone in Singapore’s leadership in global arbitration. The revisions offer businesses improved speed, procedural clarity, and practical flexibility in conducting their arbitration that are essential in today’s commercial landscape.
At RBN Chambers LLC, we advise clients in any contractual or commercial dispute that is to be resolved via arbitration. Whether you are negotiating contracts or revisiting your dispute resolution clauses, our team can guide you in leveraging these updates to protect and advance your commercial interests.
We provide solutions to the table for all our clients regardless of the scale or complexity of the cases. Let us know how we can help.
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