SIAC definition
Examples of SIAC in a sentence
If a party fails to nominate an arbitrator within thirty (30) days from the date when a party’s request for arbitration has been communicated to the other party, such appointment will be made by the SIAC.
All matters relating to arbitration will be governed by the SIAC Rules and not by any state or foreign arbitration law.
Any controversy or claim arising out of or relating to this Agreement or the breach, termination or invalidity hereof, will be submitted for binding arbitration administered by the Singapore International Arbitration Centre (“SIAC”) in accordance with the provision of the Arbitration Rules of the Singapore International Arbitration Centre SIAC Rules (“SIAC Rules”), except that the parties hereto agree that depositions may be taken during the arbitration proceedings.
If said two (2) arbitrators fail to nominate the chairman within thirty (30) days from the date of appointment of the second arbitrator, the chairman will be appointed by the SIAC.