Singapore introduces default procedure for multi-party arbitration appointments
Out-Law News | 03 Feb 2021 | 11:29 am | 1 min. read
The Singapore government has amended its International Arbitration Act (SIAA) to introduce a default procedure for appointment of arbitrators in multi-party arbitrations.
The amendments also give Singapore-seated arbitral tribunals and the Singapore High Court the power to enforce confidentiality obligations.
Under the new default procedure, for arbitrations involving three arbitrators with multiple parties involved, all claimants will jointly appoint one arbitrator and all respondents will jointly appoint another arbitrator. These two arbitrators will then jointly appoint the third, presiding arbitrator.
If any of the appointments cannot be agreed within a specified timeframe, the appointing authority – which, by default, is the president of the Court of Arbitration of the Singapore International Arbitration Centre (SIAC), will make t