Reed Smith Client Alerts

Key takeaways

  • The seventh edition of the Singapore International Arbitration Centre (SIAC) Rules came into force on 1 January 2025
  • The new Rules feature enhancements aimed at improving the speed, cost-effectiveness, efficiency and enforceability of SIAC arbitrations
  • The new Rules showcase the SIAC’s commitment to innovation and efficiency

Introduction

The SIAC Rules 2025 reflect the first revisions to the Rules in over eight years, since the 2016 edition. During this time, international arbitration has seen transformative changes, including the growth of third-party funding, increasing use of tribunal secretaries and heightened awareness of cybersecurity risks, as well as increased calls for arbitration to be quicker and more effective.

The new Rules aim to address these developments while prioritising efficiency, cost-effectiveness and procedural integrity. They have been developed following a year-long consultation process and benefit from the SIAC’s extensive case management experience.

Key highlights of the new Rules include the Streamlined and Expedited Procedures for cheaper and faster resolutions, enhanced emergency arbitrator provisions and greater transparency in third-party funding disclosures. These enhancements are intended to ensure that the SIAC remains a leader in the international arbitration arena.