Choice of SICC and the Law Governing the Arbitration Agreement
Two recent developments in Singapore may require parties seeking to arbitrate in Singapore to look even more closely at their arbitration agreements.
The first relates to a November 2022 decision by the Singapore Court of Appeal in Senda International v Kiri Industries, in which the Court of Appeal found that recovery of “reasonable costs” under the Singapore International Commercial Court (“SICC“) regime shall follow international practice, such that full costs can be recoverable, deviating from the domestic court costs guidelines.
Moreover, on 12 January 2023, …
