1 April 2015

Letter from the President

Friends of SIAC:

I am writing on the commencement of my term as incoming President of the Court of Arbitration of the Singapore International Arbitration Centre, both to thank you for your past support for SIAC and to outline some of the salient issues that will arise in the next two years.

First, I want to reiterate, on behalf of myself, the Court of Arbitration, the Secretariat and the Board of SIAC, our great appreciation for the support that our users have provided over the past years. In less than a decade, SIAC has increased its caseload by more than 200%, rising to an average of some 250 cases filed annually over the last several years. At the same time, SIAC has developed a truly international clientele, including Asian, European, North and South American, Middle Eastern and other users. None of this would have been possible without the support and confidence of our users, for which we are all grateful.

Second, we also thank the past members of SIAC's Court of Arbitration, and particularly Dr. Michael Pryles, the Court's Founder President, for their exceptional efforts during their terms. Again, we are grateful for those efforts and the results they have achieved.

Third, I would like to outline several key objectives that we at SIAC aim to pursue to maintain and enhance your confidence:

· Enhancing SIAC’s position as one of the world’s truly global international arbitration institutions: SIAC has a preeminent position in Asian international arbitration, including in arbitrations involving Chinese, Indian, Indonesian, Korean, Japanese and other regional parties, but it is not a regional arbitral institution. Rather, SIAC is a global institution, which is appropriate for contracts and disputes between parties in all parts of the globe (European/US; Latin American/Asian; African/European). We aim in the coming years to ensure that users from all parts of the world regard SIAC as their preferred choice for international dispute resolution.

· Maintaining and enhancing SIAC’s reputation for excellence, efficiency and expedition in case administration: SIAC’s Secretariat is second to none in quality, and materially better in terms of efficiency and speed, than virtually all alternatives. We aim to ensure that the Secretariat and Registrar have the resources and support that are essential to maintaining their superlative service. Likewise, we are privileged to have one of the most experienced and diverse Courts of Arbitration in the world; collectively, its 17 members offer nearly 500 years of experience in international dispute resolution in all major jurisdictions around the world. We aim to ensure that the Court’s experience is fully utilized.

· Building SIAC’s Users Council: We are launching a SIAC’s Users Council to serve as a forum for comments about SIAC’s Rules and case administration. The Users Council will play an important role in SIAC’s work. We aim to utilize the collective expertise and experience of the Users Council in future initiatives as we continue progressively to improve and expand SIAC’s services.

· Maintaining and enhancing SIAC’s close ties to the Singaporean legal and business communities: SIAC boasts close and historic relationships with one of the world’s most sophisticated legal and business communities, here in Singapore. We aim to maintain and enhance those relationships, both by working closely with the SIAC Board, chaired by Lucien Wong, and SIAC’s Chief Executive Officer, Seok Hui Lim.

I am confident that the coming years will see SIAC continue its trajectory of excellence and service, and look forward to working with you to ensure that this happens. I welcome suggestions and new ideas for how SIAC can continue and improve its traditions of excellence and efficiency.

With best regards

Gary Born
SIAC Court of Arbitration

For more information please contact:

Singapore International Arbitration Centre
T: +65 6221 8833
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Articles & Publications

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Interim Relief in International Arbitration

INTERIM RELIEF IN INTERNATIONAL ARBITRATION Steven Lim; Partner Clyde & Co Clasis Singapore; 1. I will address in this short paper what standards and guidelines should be applied in determining interim relief in international arbitrations and whether there is any difference between the standards a tribunal and a national court might apply to this determination. ...

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The SIAC Emergency Arbitrator Experience

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SC Limits Scope of Public Policy in Foreign Arbitral Awards

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To “Seat” or not to “Seat”: Art Thou Relevant !!

Nakul Dewan, Counsel, Allen & Gledhill LLP, Singapore | Advocate, India. IntroductionWilliam Shakespeare’s soliloquy from Hamlet is an apt expression for parties who end up with the wrong seat of arbitration, by either having failed to make a choice or making the wrong one. Two recent decisions from the highest courts in India and Sing...

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Derivatives Arbitration is on the Rise in Singapore

Kabir Singh, Counsel, Clifford Chance Asia; Matthew Brown, Associate, Clifford Chance Asia; Introduction The ISDA Annual General Meeting was hosted in Singapore in April 2013 and one of the hot topics discussed by delegates was the review by ISDA of its Master Agreement to include model arbitration clauses.Following an in-depth consultatio...

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Developments for Arbitration of financial Sector Disputes

Andrew Pullen, Counsel, Allen & Overy, Singapore1; Introduction Arbitration is indispensable to international commerce. A recent survey by Queen Mary, University of London recorded that arbitration is the preferred form of resolving international disputes for the majority of in-house counsel (52% of whom said it was their first choice).2...

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Financial Transactions in a Borderless World: The Movement towards Arbitration in OTC Derivatives

Nicholas Thio, Associate, Dispute Resolution and Litigation, Norton Rose Fulbright (Asia) LLP; Kirsty McAllister-Jones, Associate, Banking and Finance, Norton Rose Fulbright (Asia) LLP; Introduction Arbitration, a method of dispute resolution conducted through a privately constituted tribunal, has long been preferred over court litigation...

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Singapore as a Seat for Investor-State Disputes

Vivekananda N., Head (South Asia) and Counsel, SIAC; Jagdish John Menezes, SIAC; IntroductionAs the global economy recovers from the financial crisis of 2008, foreign investments have gained momentum. These are facilitated and protected in part by the 2833 bilateral investment treaties (“BITs”) and 331 multilateral international investment a...

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Impact of BALCO on right to ship arrest in India

Abha Pareek, Assistant Counsel, SIAC; Siddharth Ranka, Associate, Bose & Mitra & Co, Mumbai; Introduction: The recent BALCO[1] decision of the Supreme Court of India (the "Supreme Court") has, already, been widely discussed and scrutinized[2]. In this article we move a step further and analyse the impact the...

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Lessons from the BALCO Dicta of the Indian Supreme Court

A modified version of this article was first published in the Corporate Disputes Magazine of the Financier Worldwide which is available here  Vivekananda N., Head (South Asia) & Counsel, SIAC; International consciousness that India is an arbitration unfriendly jurisdiction has existed for some time now. This feeling owes in...

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