The Singapore International Arbitration Centre ("SIAC") has published the 4th edition of its Rules, effective from 1 July. Principal changes include:
- Introduction of a new Expedited Procedure for cases with a value below S$5,000,000 or cases of exceptional urgency. (Article 5 of the 2010 Rules);
- Introduction of a new Emergency Arbitrator procedure. (Article 26 and Schedule 1 of the 2010 Rules); and
- The removal of the requirement for a Memorandum of Issues. (Article 17 of the 2007 Rules).
Our recent e-bulletin summarising the changes can be found here.