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. Singapore has acceded to the UN Convention On The Recognition And Enforcement of Foreign Arbitral Awards 1958 . Appointment of arbitrators When requested, SIAC as a neutral party will appoint the tribunal from its Panel of Accredited Arbitrators of local and international experts. The SIAC is also the statutory appointing authority under the International Arbitration Act 1994 . SIAC will also assist parties in arranging the registration of awards for enforcement in countries which acceded to the Convention On The Recognition of Foreign Arbitral Awards 1958 .