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SIAC Arb

SIAC Arb  
SIAC Arbitration Rules (2025)

54.1 Within 30 days from the date of receipt of an award, a party may, by written notice to the Registrar, the Tribunal, and the other party, request the Tribunal to correct in the award any errors in computation, any clerical or typographical errors or any errors of similar nature. After considering the views of the parties on the request, if the Tribunal considers the request to be justified, it shall make the correction within 30 days from the date of receipt of the request. Any correction, made in the original award or in a separate memorandum, shall form part of the award.
54.2 The Tribunal may correct any error of the type referred to in Rule 54.1 on its own initiative within 30 days from the date of receipt of the award.
54.3 Within 30 days from the date of receipt of an award, a party may, by written notice to the Registrar, the Tribunal, and the other party, request the Tribunal to give an interpretation of a specific point or part of the award. After considering the views of the parties on the request, if the Tribunal considers the request to be justified, it shall give the interpretation in writing within 30 days from the date of receipt of the request. Any interpretation shall form part of the award.
54.4 Within 30 days from the date of receipt of an award, a party may, by written notice to the Registrar, the Tribunal, and the other party, request the Tribunal to make an additional award as to claims presented in the arbitration but not addressed in the award. After considering the views of the parties on the request, if the Tribunal considers the request to be justified, it shall make the additional award within 60 days from the date of receipt of the request.
54.5 The Registrar may extend the period of time within which the Tribunal may make a correction of an award, interpretation of an award, or an additional award under this Rule 54.
54.6 The provisions of Rule 53 shall apply, mutatis mutandis, to a correction, interpretation, or an additional award.
54.7 The Registrar may determine that additional costs of arbitration shall apply under this Rule 54 in relation to the Tribunal’s fees and expenses and SIAC’s administration fees and expenses.
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