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Why SIAC
A Respected Neutral Arbitral Institution with a Record of Enforcement
Established in 1991 as an independent, not-for-profit organisation, SIAC has a proven track record in providing neutral arbitration services to the global business community. SIAC arbitration awards have been enforced by the courts of Australia, China, Hong Kong SAR, India, Indonesia, Jordan, Thailand, UK, USA, and Vietnam, amongst other New York Convention signatories.
An International Organisation with a Global Outlook
- SIAC is ranked 2nd among the world’s top 5 arbitral institutions, and is the most preferred arbitral institution in the Asia-Pacific*.
- SIAC’s case management services are supervised by the Court of Arbitration, which comprises internationally renowned arbitration practitioners.
- SIAC’s Board of Directors consists of highly respected lawyers and professionals from all over the world.
- The Board is responsible for overseeing SIAC’s operations, business strategy and development, as well as corporate governance matters.
- SIAC has an experienced international panel of over 600 expert arbitrators from over 40 jurisdictions.
- SIAC’s panel has over 100 experienced arbitrators in the areas of Energy, Engineering, Procurement and Construction from more than 25 jurisdictions.
- SIAC’s multinational Secretariat comprises experienced lawyers qualified in civil and common law jurisdictions.
- Over 90% of new cases filed at SIAC are international in nature.
- The SIAC Rules are efficient, cost-effective and flexible, and incorporate features from civil and common law legal systems.
- SIAC is registered as a Permanent Arbitral Institution under Russia’s Federal Law on Arbitration and is authorised to administer international commercial arbitrations for Russia-seated arbitrations.
SIAC Facilitates The Efficient Resolution of Disputes
- The SIAC Rules provide a state-of-the-art procedural framework for efficient, expert and enforceable resolution of international disputes of all sizes and complexities involving parties from diverse legal systems and cultures.
- We appoint arbitrators where the parties are unable to agree under the SIAC Rules, UNCITRAL Rules and ad hoc cases. Appointments are made on the basis of our specialist knowledge of the arbitrator’s expertise, attributes and track record. Click here to view our panel of arbitrators.
- There are strict standards of admission for the SIAC Panel of Arbitrators, thus minimising the risk of challenges and delay.
- Our full time staff manage all the financial aspects of the arbitration, including:
- Regular rendering of accounts
- Collecting deposits towards the costs of the arbitration
- Processing the Tribunal’s fees and expenses
- Our transparent financial management of the case according to published guidelines allows legal representatives to provide their clients with accurate cost projections, timelines and costs for each stage of the arbitration process.
- We supervise and monitor the progress of the case. We conduct scrutiny of the arbitral award, thus enforcement problems are less likely.
- SIAC‘s administration fees are competitive in comparison with all the major international arbitral institutions. Click here to estimate your fees.