How do you determine the location of arbitration?

How do you determine the location of arbitration?

Place of arbitration. —(1) The parties are free to agree on the place of arbitration. (2) Failing any agreement referred to in sub-section (1), the place of arbitration shall be determined by the Arbitral Tribunal having regard to the circumstances of the case, including the convenience of the parties.

How do you draft an international arbitration clause?

Top 10 Tips for Drafting Better International Arbitration Clauses

1. Express Agreement to Arbitrate.
2. Choose between Institutional or Ad hoc Arbitration.
3. Choose a Set of Arbitration Rules.
4. Seat of Arbitration.
5. Defining the Scope of Arbitration.
6. Define the Governing law.
7. Arbitrators.
8. Appointing Authority.

What is standard arbitration clause?

An arbitration clause is a clause in a contract that requires the parties to resolve their disputes through an arbitration process.

What is an example of arbitration?

An arbitration award is the award of damages to a party in the arbitrator’s decision. Examples of remedies that may be awarded by an arbitrator include: The payment of a specific sum of money, called “conventional damages” An order for a party to the proceeding to do or not do something, called “injunctive relief”

What is the process of arbitration?

Arbitration is a private dispute resolution process that parties may choose as an alternative to going to court. The arbitration process is consensual in that the parties must agree to refer their dispute to arbitration. However, parties may separately agree to arbitration after a dispute has arisen.

What is the language of arbitration?

Language used in the parties’ written and oral submissions, in the procedural orders and in the award(s) issued by the arbitrators. It is chosen based on joint agreement of the parties, usually in the arbitration clause, or is otherwise decided by the arbitral tribunal.

Does arbitration location matter?

The choice of the place of the arbitration should not be considered a purely logistical matter. It has important consequences in terms of both the applicable procedural law and enforcement of any award.

What are the rules of Arbitration in Singapore?

Any issue or claim not resolved by conciliation shall be referred to and finally resolved by arbitration in Singapore in accordance with the Singapore International Arbitration Centre Rules for the time being in force which Rules are deemed to be incorporated by reference into this clause.

What is the arbitration clause in a contract?

In drawing up international contracts, we recommend that parties include the following arbitration clause: Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration administered by the Singapore International

What are the rules of Arbitration in SIAC?

The parties agree that any arbitration commenced pursuant to this clause shall be conducted in accordance with the Expedited Procedure set out in Rule 5.2 of the SIAC Rules. The Tribunal shall consist of one arbitrator. The language of the arbitration shall be ________________.

What is the SIAC model clause in international contracts?

SIAC Model Clause. SIAC MODEL CLAUSE. In drawing up international contracts, we recommend that parties include the following arbitration clause: Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration