15.01.2025

Dyakin, Gortsunyan & Partners Published an Article on the Updated SIAC Rules

Partner Yan Kalish and associate Dmitry Smirnov have published an article discussing the recent amendments to the SIAC rules, which came into effect on 1 January 2025.

The updated SIAC rules introduce several key changes with the aim of improving the efficiency and accessibility of arbitration. Notably, a new streamlined procedure has been introduced for disputes under 1 million SGD, offering a faster and more cost-effective resolution with reduced fees. Additionally, the rules expand the scope for expedited procedures, introduce measures for emergency arbitration, and clarify the process for third-party funding, making SIAC a more attractive option for Russian companies involved in international disputes.

The article is available in Russian on the Pravo.ru portal.