The SIAC first began operations in 1991 as an independent, not-for-profit organisation. SIAC is a premier, global arbitral institution with one of the highest administered caseloads in the world, and an excellent track record of enforcement of its awards in many jurisdictions such as, amongst other New York Convention countries, Australia, China, Hong Kong, India, Indonesia, Jordan, Thailand, UK, USA and Vietnam.
The SIAC Court of Arbitration (“SIAC Court”) is comprised of 22 eminent arbitration practitioners from around the world. The main functions of the SIAC Court include the appointment of arbitrators, as well as overall supervision of case administration.
The SIAC Rules are efficient, cost-effective and flexible, and incorporate features from civil and common law legal systems. SIAC supervises and monitors the progress of the case and conducts scrutiny of the arbitral award.
SIAC’s administration fees are highly competitive.
Source:
www.siac.org.sg