Unique Backing As Singapore's only International Arbitration Centre, SIAC enjoys the unique backing and support of the Trade Development Board and the Economic Development Board , Singapore 's two most important statutory organisations involved in the development of trade, industrial activity and commerce both within Singapore and internationally. Compared to major international cities, charges and expenses for accommodation, legal and support services, cost significantly less. Even so, parties are not required to retain lawyers for arbitrations. Procedure Procedure for arbitrations at the SIAC may be mutually agreed upon by the parties. The SIAC Rules for Arbitration provide an easy and comprehensive procedure for parties to adopt.
Copies are available on request.
The tribunal is obliged to determine the issues expeditiously and render reasons with its award within 45 days from close of hearing. A normal dispute could well be resolved within 6 months of the commencement of arbitration. Choice of Law Arbitrations in Singapore and under SIAC Rules enjoy maximum freedom in the choice of laws to govern their contract. Parties are free to choose laws they are familiar and most comfortable with. Singapore law is not imposed on the party's rights and obligations without their agreement.