SIAC Arb SIAC Arbitration Rules (2025)
SIAC Arb
SIAC Arbitration Rules (2025)
Under the Singapore International Arbitration Act 1994 (“IAA”), the Registrar of the Court of Arbitration of SIAC (“Registrar”) is the statutory taxation authority. Pursuant to Article 21 of the IAA, “[a]ny costs directed by an award to be paid are, unless the award otherwise directs, assessable by the [Registrar]”. The process is sometimes called “taxation” of costs.
As a general practice, SIAC encourages the Tribunal to specify in an award and the dispositif, the total amount awarded or apportioned in respect of the costs of arbitration and the parties’ legal and other costs, and provide reasons in the award for the awarding or apportionment of these amounts to / among the parties. However, if the Tribunal does not assess or apportion the costs in an award, and the parties fail to reach an agreement on the amount to be borne by each party, the Registrar may be requested to assess the amount for the parties pursuant to Article 21 of the IAA.
The party that requires the Registrar’s taxation services pays a fee according to the amount of costs claimed in accordance with the table below:
| Amount of Costs Claimed (S$) | Assessment or Taxation Fee (S$) |
|---|---|
| Up to 50,000 | 5,000 |
| 50,001 – 100,000 | 5,000 + 2% of excess over 50,000 |
| 100,001 – 250,000 | 6,000 + 1.5% of excess over 100,000 |
| 250,001 – 500,000 | 8,250 + 1% of excess over 250,000 |
| 500,001 – 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 or assessment.
The above fees do not include 9% GST as may be applicable.
The above schedule of assessment or taxation fees is effective as of 1 January 2025.
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