Singapore International Commercial Court Released A Model Arbitration Clause

    The Singapore International Commercial Court (“SICC”) has released a model clause to enable the parties to designate the SICC as the competent court for hearing their arbitration-related court cases:

    In respect of any court proceedings in Singapore commenced under the International Arbitration Act 1994 in relation to the arbitration, the parties agree;

    (a) to commence such proceedings before the Singapore International Commercial Court ("the SICC"); and

    (b) in any event, that such proceedings shall be heard and adjudicated by the SICC.

    SICC also stated that this model clause will be a part of the Singapore International Arbitration Centre’s model arbitration clause. As such, the parties will be able to choose a specialist court to rule on their arbitration-related litigation cases.

    Tagged with: Akıncı Law Office, Ziya Akıncı, Beril Kasap, Dispute Resolution, Arbitration

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