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NEW PROPOSED AMENDMENTS TO THE INTERNATIONAL ARBITRATION ACT (Singapore)

NO&T Asia Legal Review

Author
Claire Chong
Publisher
Nagashima Ohno & Tsunematsu
Journal /
Book
NO&T Asia Legal Review No.28 (October, 2020)
Reference
Practice Areas
*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.

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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