An overview of SIAC and discussion of its new Arbitration-Mediation-Arbitration procedures
Globally our clients are increasingly finding themselves involved in international dispute resolution, whether needing to defend themselves from contractual partners or bringing claims to protect their own rights and safeguard their investments abroad, particularly with respect to major projects. The Singapore International Arbitration Centre (SIAC) has become a premier arbitral institution not just in the Asia region, but globally. Our clients are increasingly turning to SIAC for their dispute resolution needs, and finding that their counterparties throughout Asia and across the globe typically are willing to accept SIAC as the exclusive dispute resolution procedure in the relevant agreements. So it is essential to understand exactly what choosing SIAC for your dispute resolution mechanism means in practical terms, and in particular what opportunities SIAC arbitration provides for you to resolve your dispute without having to go through the entire process of an international arbitration and subsequent enforcement of an award, with all the attendant cost and time that requires.
In this seminar we will provide an introduction to SIAC’s international arbitration procedures and a brief overview of how a SIAC arbitration proceeds and what you can expect when you become a party to SIAC arbitration procedures, followed by a discussion of the Arbitration-Mediation-Arbitration (“Arb-Med-Arb”) procedures SIAC offers along with the Singapore International Mediation Centre.
Arb-Med-Arb is gaining traction as a flexible and consensus-based approach to international dispute resolution. Many in-house counsel, however, may feel left in the dark about the advantages of Arb-Med-Arb and how to make it work for their companies. This event with SIAC and SIMC aims to shed light on Arb-Med-Arb for in-house counsel by exploring important questions about both procedure and strategy:
- Is Arb-Med-Arb right for my dispute?
- What does the typical Arb-Med-Arb procedure look like?
- How can I design the procedure to benefit my company?
- Is Arb-Med-Arb cost-efficient?
- How do I select the right arbitrators and mediators?
- How can I craft forward-looking outcomes?
- Is the outcome enforceable?
Through a detailed examination of Arb-Med-Arb, SIAC and SIMC aim to empower Japanese parties to use Arb-Med-Arb as an effective tool to obtain outcomes best suited to their interests and needs.
This seminar will be moderated by Joaquin Terceño, who specializes in international commercial arbitration and investor-State disputes, with the discussion led by Seok Hui Lim, SIAC Chief Executive Officer, Michele Park Sonen, SIAC Head (North East Asia) and Chuan Wee Meng, SIMC Director for International Partnerships, Singapore International Mediation Centre.
Date & Time
Thursday, 14 March 2019
12:00pm – 13:30pm
Freshfields Bruckhaus Deringer Tokyo
Akasaka Biz Tower 36F, 5-3-1 Akasaka, Minato-ku, Tokyo (Tel: 03-3584-8476 (general))