9 May 2022
SIAC Signs Memorandum of Understanding with the National and International Arbitration Centre of the Lima Chamber of Commerce


The Singapore International Arbitration Centre (SIAC) is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with the National and International Arbitration Centre of the Lima Chamber of Commerce (LCC) in Peru to promote international arbitration as a preferred method for resolving international disputes, and to enhance the accessibility, efficiency and effectiveness of international arbitration.

Under the MOU, SIAC and LCC will jointly organise in-person, hybrid, and virtual conferences, seminars and workshops on international arbitration in Peru and Singapore. LCC will extend the use of its hearing facilities at preferential rates for SIAC arbitration hearings that are held in Peru, and SIAC will, subject to the terms of the MOU, assist to request the use of hearing facilities in Maxwell Chambers at preferential rates for Peru-seated arbitration hearings that are held in Singapore.

The MOU was signed on 6 May 2022 by Ms Gloria Lim, CEO of SIAC, and Mrs Marianella Ventura Silva, Secretary General of LCC.

Marianella Ventura, Secretary-General of LCC, said, “In recent years, we have noticed that our users have an increasing interest in commercial transactions and investments connected to the Asia-Pacific region, which is a logical consequence of globalization. This inevitably leads to a growth in the number of arbitrations involving elements from countries of such regions. By entering into this agreement, we seek to provide to those user’s broader facilities to support their commercial interests and to strengthen our relationship with SIAC by carrying out different academic and professional activities of mutual interest. I am confident that the signing of this agreement is only the first step of a long and fruitful relationship.”

Ms Gloria Lim, CEO of SIAC, said, “We are delighted to be entering into this collaboration with LCC. Given the increasing trade and investment activity between Latin America and Asia, this collaboration with LCC provides a good platform for both institutions to jointly promote the benefits of international arbitration as an effective, efficient and enforceable mode of dispute resolution for cross-border commercial projects and investments involving companies, businesses and investors from Latin America and Asia. We look forward to further deepening our ties with users in Peru and the Peruvian arbitration community”

The Press Release may be read in full here.


12 April 2022
SIAC Commemorates 30th Anniversary in 2021 with High Caseload


The Singapore International Arbitration Centre (SIAC) is pleased to announce the official release of its 2021 Annual Report.

In 2021, SIAC saw its third-highest caseload, with 469 new case filings. Of the 469 cases handled by SIAC, 446 (95%) were cases administered by SIAC. The remaining 23 (5%) cases were ad hoc appointments. This is the fifth consecutive year that SIAC’s caseload has exceeded 400, with the number of cases doubling over the last decade.

SIAC’s total sum in dispute for 2021 was USD 6.54 billion (SGD 8.85 billion). Users continued to entrust SIAC with high-value cases, and the highest sum in dispute for a single administered case was USD1.95 billion (SGD2.64 billion), which is more than twice the highest sum in dispute in 2020.

The procedures under the SIAC Rules 2016 continued to be well-received by users, with an increase in the number of applications for Expedited Procedure, Early Dismissal, and Joinder from 2020.

Parties from 64 jurisdictions chose to arbitrate at SIAC in 2021, an increase from 60 jurisdictions in 2020. 86% of new cases filed at SIAC were international in nature. India, China, and USA continued to top the foreign user rankings. Other top 10 foreign users comprised parties from both civil and common law jurisdictions, and SIAC saw an increase in the number of parties from Hong Kong SAR, Malaysia, South Korea, UAE, Ukraine, and Vietnam, compared to 2020.

Ms Lucy Reed, President of the Court of Arbitration of SIAC, said: “We are heartened by the results and will continue to enhance the quality of SIAC’s services as a leading global arbitral institution, to serve our users better.”

Mr Davinder Singh, SC, Chairman of SIAC, said: “SIAC is where it is today because of Singapore’s steadfast adherence to the rule of law, the integrity of its institutions and its highly sophisticated and ever evolving international arbitration eco-system. I thank our users from all around the world for your vote of confidence in Singapore and SIAC.”

Ms Gloria Lim, CEO of SIAC, said: “SIAC’s continued growth is built on the trust of users in our services, and the strength of our Board, Court, Secretariat, arbitration panel as well as valued partners and industry stakeholders who have worked tirelessly with us throughout the years. We will continue to work closely with the industry and the arbitral community to innovate, adapt, and expand our services internationally, to address the dispute resolution needs of commercial parties and businesses globally.”

The Press Release may be read in full here.



20 April 2022
SIAC Signs Memorandum of Understanding with Madrid International Arbitration Centre


The Singapore International Arbitration Centre (SIAC) is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with the Madrid International Arbitration Centre (MIAC) to promote international arbitration as a preferred method for resolving international disputes.

Under the MOU, SIAC and MIAC will jointly organise in-person, hybrid, and virtual conferences, seminars and workshops on international arbitration in Singapore and Spain, and will invite key members of their local arbitration community to attend and participate in major events organised by SIAC in Spain or by MIAC in Singapore. MIAC will, subject to the terms of the MOU, assist to request the use of hearing facilities of the MIAC´s founding courts at preferential rates for SIAC’s Singapore-seated arbitration hearings that are held in Madrid, and SIAC will, subject to the terms of the MOU, assist to request the use of hearing facilities in Maxwell Chambers at preferential rates for MIAC’s Madrid-seated arbitration hearings that are held in Singapore.

Both institutions will, upon request and where appropriate, provide recommendations of arbitrators to each other, and will, upon request, conduct training programmes for each other’s staff.

The MOU was signed on 20 April 2022 by Ms Gloria Lim, CEO of SIAC, and Mr José Antonio Caínzos Fernández, President of MIAC.

Mr José Antonio Caínzos Fernández, President of MIAC, said, “MIAC is proud to sign a collaboration agreement with SIAC that aims to strengthen the ties between the two Centres in order to enhance the promotion of international arbitration as a method of dispute resolution. Through SIAC and MIAC's joint knowledge of their respective jurisdictions, arbitrators and companies, we believe it will result in increased quality and efficiency of arbitration services and its promotion.”

Ms Gloria Lim, CEO of SIAC, said, “SIAC and MIAC agree on the importance of providing efficient, expert and enforceable international dispute resolution services to parties from diverse legal systems and cultures such as Singapore and Spain. Through this MOU, we hope to work jointly with MIAC to promote and develop international arbitration as a preferred mode of dispute resolution for cross-border commercial disputes involving Spanish companies and businesses.”

The Press Release may be read in full here.

7 April 2022
SIAC Virtual Internship Programme 2022


SIAC is pleased to announce that it is now accepting applications for Term 2 of the SIAC Virtual Internship Programme.

Details on how to apply for the programme are set out here.

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