Enforcement Procedures of Arbitral Awards in Singapore So, you have won the arbitration case, but is it cause for celebration? Winning in arbitration is only part of the equation, because if the other side refuses to comply with the arbitration award, you are then faced with the next stage of the battle, which is that […]
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Investment treaty arbitration is a formal and binding international dispute resolution mechanism rooted in agreements, or treaties, made between two or more countries. These treaties establish rules for settling disputes concerning investments made by investors from these countries. Notably, they grant investors certain substantive protections and the right to directly file claims against host countries
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Being a witness and providing evidence in an arbitration proceeding can be an intimidating experience. Naturally, witnesses would want to familiarise themselves with the process and accurately recall the relevant facts or events. Witnesses often rely on legal counsel to assist them in understanding the legal proceedings and shaping their testimony. However, in certain jurisdictions,
HKIAC or SIAC? Comparing Asia’s Premier Arbitration Centres When it comes to resolving international disputes in Asia, two prominent arbitration powerhouses, the Hong Kong International Arbitration Centre (HKIAC) and the Singapore International Arbitration Centre (SIAC), stand out. As parties seek an optimal venue for their arbitration matters, it becomes crucial to weigh the pros and
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Hastily incorporated arbitration agreements can prove counterproductive, amplifying the time, cost, and intricacy involved in resolving disputes. However, a well-crafted arbitration agreement holds the potential to mitigate these risks. The foundation of any arbitration agreement lies in the mutual consent of all parties involved, selecting arbitration as the preferred means of dispute resolution over state
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In today’s complex legal landscape, the benefits of arbitration over traditional forms of dispute resolution like litigation have become increasingly apparent. Among the numerous advantages it offers, one stands out as paramount: the freedom for parties to handpick a neutral decision maker which they both trust implicitly. This individual holds the key to delivering a
The Singapore International Arbitration Centre (SIAC) has established itself as a prominent player in the field of arbitration institutions. It is ranked as the most popular seat in Asia and the second most popular globally, according to a 2021 survey by Queen Mary University of London. SIAC’s caseload has also been consistently increasing, with 469
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Introduction In this comprehensive examination, the focus is primarily on procedural issues concerning the validity of arbitral awards as addressed by the New York Convention on Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”) and similar instruments. One of the most common reasons for challenging the validity of an arbitral award is
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International Arbitration If you are a business or individual looking to engage in SIAC international arbitration, it is crucial to work with a law firm that has experience in this area. Farallon Law Corporation strives to stand out from the crowd rather than blend in with others that may look similar. We aim to differentiate
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Well, the short answer is that it depends. Generally speaking, even though it is cheaper to handle an arbitration case by yourself, because of the unique and often challenging nature of arbitration, parties should consider hiring arbitration counsel to represent their interests. This article will discuss the role of arbitration counsel and the benefits of
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