The firm has strong experience and expertise in handling International Commercial Arbitration in Singapore particularly as per the Singapore International Arbitration Centre (SIAC) Rules. Our senior partner S. Ravi Shankar has in-depth knowledge and expertise in handling complex international arbitrations involving multi jurisdictions. Due to arbitration friendly courts in Singapore, fast disposal of arbitration related litigation, consistent and predictable judicial verdicts of the Singapore courts and since Singapore is one of the most popular seat in Asia many International contracts choose Singapore as the seat of Arbitration. Even though Adhoc, ICC, CIETAC arbitrations are also possible in Singapore mostly parties incorporate SIAC as the arbitration institution and Singapore law as the procedural law. When parties choose SIAC as the arbitral Institution then the SIAC Rules are applicable in determining the procedural aspects of the arbitration.
SIAC Arbitration Where Indian Law is the Substantive Law: While finalising the contract parties determine the applicable laws and incorporate into the contract an arbitration clause with their choice of seat of arbitration, in case dispute arise between the parties out of the contract. Once parties choose the Singapore seat then the supervisory jurisdiction goes to Singapore Courts and the procedural law becomes International Arbitration Act (IAA) of Singapore. But if the assets created by the contract are situated in India or for any other reason parties may choose Indian law as the law governing the contract or substantive law, then the arbitrators have to interpret the contract and decide the disputes as per Indian law, even though the procedural law is Singapore law. In such matters the firm and its partners can handle the entire matter on their own till the pronouncement of an award. In case of any challenge proceeding the firm shall use the services of its Singapore Associate lawyer. Due to this the Firm is able to effectively cut the costs of arbitration and keep it affordable and reasonable.
SIAC Arbitration Where a Foreign Law is the Substantive Law: While finalising the contract parties determine the applicable laws and incorporate their decision into the contract, in case dispute arise between the parties out of the contract. Once parties choose the Singapore seat then the supervisory jurisdiction goes to Singapore Courts and the procedural law becomes International Arbitration Act (IAA) of Singapore. But if the assets created by the contract are situated in India or for any other reason parties may choose Indian law as the law governing the contract or substantive law, then the arbitrators have to interpret the contract and decide the disputes as per Indian law. But in some other contracts parties may choose any other foreign law or Singapore law as the law governing the contract. In such matters the firm and its partners engage the services of an associate lawyer with expertise in that governing law for assistance and handle the entire matter on their own till the pronouncement of an award. In case of any challenge preceding the firm shall use the services of its Singapore Associate lawyer. Due to this the Firm is able to effectively cut the costs of arbitration and keep them within the reasonable levels.
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