The 2023 SIAC Draft Rules: Raising the Bar for Efficiency
Kluwer Arbitration
OCTOBER 26, 2023
b) proposes raising the monetary threshold for Expedited Procedure from SGD 6,000,000 to SGD 10,000,000, positioning SIAC as the institution with the most substantial threshold amount in place for Expedited Procedure. The procedure has seen substantial interest from users, with 56 applications filed since 2016. Draft Rule 14.1(b)
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