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The Singapore government has amended its International Arbitration Act (SIAA) to introduce a default procedure for appointment of arbitrators in multi-party arbitrations.
The amendments also give Singapore-seated arbitral tribunals and the Singapore High Court the power to enforce confidentiality obligations.
Read moreThe DIFC-LCIA Arbitration Centre (the "Centre") recently released updated Arbitration Rules which apply to arbitrations commenced on or after 1 January 2021 (the “2021 Rules”). Replacing the 2016 Rules, the 2021 Rules essentially mirror the changes made in 2020 to the LCIA's Arbitration Rules, hence they reflect a "light touch" update rather than a drastic re-write. With the 2021 Rules (available here) at their disposal, arbitrators, parties and counsel can expect a clearer process and more efficient and expeditious proceedings going forward.
Read moreNew arbitration rules set by the DIFC-LCIA arbitration centre, which took effect on 1 January this year, will be welcomed by businesses seeking efficiency and flexibility in dispute resolution proceedings, an expert in international arbitration has said.
Read moreFollowing Brexit, international arbitration has become an even more appealing option for dealing with cross-border disputes, as discussed in a recent article. At least until the post-Brexit recognition and enforcement regime becomes clearer, parties may be inclined to take the arbitration route when it is available.
The London Court of International Arbitration (LCIA) and the International Chamber of Commerce (ICC) are two of the big players in cross-border arbitration – and both have made rule changes recently. These modifications may make arbitration more attractive, especially in the somewhat uncertain world in which we now find ourselves.
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