NO&T Asia Legal Review
On 1 September 2020, the Singapore Ministry of Law introduced the International Arbitration (Amendment) Bill (the “Bill”) for discussion in parliament. The Bill proposes amendments to the International Arbitration Act (Cap. 143A) (the “IAA”), which governs the conduct of international commercial arbitrations seated in Singapore. Substantive amendments to the IAA were last made in 2012.
The Bill proposes two key amendments: (i) a default appointment procedure for arbitrators in multi-party arbitrations and (ii) an express recognition of the powers of an arbitral tribunal and the Singapore High Court to enforce obligations of confidentiality.
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