SIAC Arb 2016 SIAC Arbitration Rules (2016)
SIAC Arb 2016
SIAC Arbitration Rules (2016)
At the end of an arbitration, or after an issue has been decided in the course of the arbitration, the arbitrator usually makes an order for the legal cost incurred by a party (or a part of the legal cost) to be paid by the other party. The arbitrator usually fixes the amount of the cost to be paid.
SIAC prefers that the arbitrator does so. But if he or she does not do so, and the parties cannot agree on the amount, the Registrar of SIAC may be asked to assess the amount for the parties. This process is sometimes called “taxation” of costs. The party that requires the Registrar’s services pays a fee according to the amount of costs claimed.
| Sum in Dispute (S$) | Assessment or Taxation Fees (S$) |
|---|---|
| Up to 50,000 | 5,000 |
| 50,001 to 100,000 | 5,000 + 2% of excess over 50,000 |
| 100,001 to 250,000 | 6,000 + 1.5% of excess over 100,000 |
| 250,001 to 500,000 | 8,250 + 1% of excess over 250,000 |
| 500,001 to 1,000,000 | 10,750 + 0.5% of excess over 500,000 |
| Above 1,000,000 | 13,250 + 0.25% of excess over 1,000,000 |
| Maximum | 25,000 |
• The fee is payable at the time of request for taxation.
• The above fees do not include 7% GST as may be applicable.
• The above schedule of assessment or taxation fees is effective as of 1 August 2015.
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