The SIAC announced the official release of the sixth edition of its arbitration rules. The release of the new rules marks the SIAC’s 25th anniversary and confirms a commitment to providing the highest standard of efficient, professional case management for international arbitration. Key innovations are the new multi-party and multi-contract provisions, and the procedure for early dismissal of claims and defences. These changes are a welcome development in a world of increasingly complex international commercial disputes. The SIAC Rules 2016 will come into effect on 1 August 2016 and are available on the SIAC website. Click on read more for a summary of all important changes.
The SIAC Rules 2016 are aimed at further ensuring the timely, efficient and cost-effective resolution of disputes:
Investment arbitration rules
The SIAC also announced the imminent launch of its Investment Arbitration Rules in September 2016. More details on these rules will follow as soon as the new rules have been revealed.
SIAC Users Council
The SIAC Users Council, of which De Brauw partners Bommel van der Bend and Edward van Geuns are a member, played a key role in the revision process. In December 2015, the SIAC Rules Revision Executive Committee released a preliminary draft of the new Arbitration Rules, and invited the SIAC Users Council to provide feedback. De Brauw took this opportunity to be involved in the consultation process.
De Brauw Blackstone Westbroek
Claude Debussylaan 80
1082 MD Amsterdam
P.O. Box 75084
1070 AB Amsterdam