Singapore International Arbitration Centre Proposal on Cross-Institution Consolidation Protocol

Singapore International Arbitration Centre Proposal on Cross-Institution Consolidation Protocol

On 19 December 2017, the Singapore International Arbitration Centre (‘SIAC”) released a proposal on cross-institution cooperation for the consolidation of international arbitral proceedings. The innovative proposal envisages the adoption of a protocol by arbitral institutions that would permit the consolidation of arbitral proceedings subject to different institutional arbitration rules. Gary Born, Chair of the International Arbitration Practice Group and President of the SIAC Court of Arbitration, and Associate Dharshini Prasad worked closely with the SIAC Secretariat to develop the proposal.

Reflecting the increasing complexity of contemporary international business transactions, most institutional arbitration rules today contain provisions on the resolution of complex disputes, including the arbitration rules of SIAC, the International Chamber of Commerce (“ICC”), the London Court of International Arbitration (“LCIA”), the International Center for Dispute Resolution of the American Arbitration Association (“ICDR”), and the Hong Kong International Arbitration Centre (“HKIAC”). A key component of these rules are provisions on the consolidation of arbitral proceedings. By permitting related disputes to be heard together in appropriate circumstances, consolidation allows the more efficient and cost-effective resolution of disputes, while minimizing the risk of inconsistent decisions.

Source: Singapore International Arbitration Centre Proposal on Cross-Institution Consolidation Protocol | Wilmer Hale