Gas and LNG Price Reviews at SIAC
The CEO of SIAC and SIMC, Ms Lim Seok Hui, was one of the speakers at the symposium "GAS AND LNG CONTRACTING IN ASIA: THE CHALLENGE AHEAD". Ms Lim discussed the advantages of the SIAC rules for Gas and LNG price review arbitrations. She also pointed to SIAC-SIMC’s recently unveiled Arbitration-Mediation-Arbitration Protocol which could be a solution to save time and costs by giving the parties a chance to reach an agreement faster than through arbitration.
The symposium was held at the Ritz-Carlton in Singapore on 26 October 2015. Over 100 participants attended, mostly representatives of major energy companies active in Asia. The event was organised by the "Best Friends", a group of international law firms BonelliErede, Bredin Prat, De Brauw Blackstone Westbroek, Hengeler Mueller, Slaughter and May, and Uría Menéndez, together with McKinsey & Company, as knowledge partner, and the Singapore International Arbitration Centre (SIAC), as supporting organisation.