Wong Partnership
6 Experts
1 Contributions by Wong Partnership
PRACTICE NOTES
Loan market and developments
Offer a concise summary of your jurisdiction’s loan market conditions and any notable recent developments. Singapore stands as a globally respected financial hub, underpinned by an English common law-based legal framework. Per the Monetary Authority of Singapore (MAS), as at December 2024, roughly 132 commercial banks operated in Singapore, alongside numerous other financial institutions. Beyond domestic corporates, a wide range of regional businesses source funding from banks running their operations out of Singapore. Alongside lending, Singapore banks provide extensive services, spanning investment banking and treasury solutions. The MAS may require banks with sizeable retail footprints, and those deemed systemically important, to incorporate locally. Presently, seven banking groups are classified as systemically important, including three leading institutions headquartered in Singapore. Please outline any imminent legal changes or other factors that could influence the loan markets or the answers to the
Banking & Finance
7 Contributions by Wong Partnership Experts
PRACTICE NOTES
This Practice Note has been prepared in collaboration with Ms Koh Swee Yen, Senior Counsel and Partner, Mr Joel Quek, Partner, Ms Magdalene Ong, Partner, Ms Divya Harchandani, Foreign Lawyer, and Ms Thea Elyssa Vega, Foreign Lawyer, all of WongPartnership LLP, Singapore.
The th Edition of the SIAC Rules took effect on 1 January 2025 and is available here. The 2025 SIAC Rules apply to arbitrations begun on or after 1 January 2025, unless the parties have agreed otherwise.
Number of arbitrators
Unless the parties agree otherwise, the tribunal will comprise one or three arbitrators. Where no number is agreed, a sole arbitrator will be appointed unless, having considered the parties’ views, the Registrar decides that three arbitrators are warranted (2025 SIAC Rules, r 19.1).
Under the 2025 SIAC Rules, if the arbitration agreement does not specify the number, the claimant must include in the Notice of
Arbitration
PRACTICE NOTES
This Practice Note is prepared in collaboration with Ms Koh Swee Yen, Senior Counsel and Partner, Mr Joel Quek, Partner, Ms Magdalene Ong, Partner, Ms Divya Harchandani, Foreign Lawyer, and Ms Thea Elyssa Vega, Foreign Lawyer, all from WongPartnership LLP, Singapore. The 7th Edition of the SIAC Rules took effect on 1 January 2025 and is available here. This Practice Note reviews the principal provisions of the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) (7th edition) 2025 (2025 SIAC Rules) on the presentation of evidence. The 2025 SIAC Rules apply to arbitrations commenced on or after 1 January 2025, unless the parties have agreed otherwise.
Evidence and conduct of proceedings
Under the 2025 SIAC Rules, the tribunal may conduct the arbitration as it deems appropriate, whilst at all times acting fairly and impartially, and with diligence and
Arbitration
PRACTICE NOTES
This Practice Note is prepared in collaboration with Ms Koh Swee Yen, Senior Counsel and Partner, Mr Joel Quek, Partner, Ms Magdalene Ong, Partner, Ms Divya Harchandani, Foreign Lawyer, and Ms Thea Elyssa Vega, Foreign Lawyer, all from WongPartnership LLP, Singapore. The 7th Edition of the SIAC Rules took effect on 1 January 2025 and can be accessed here, notably. This Practice Note reviews the early dismissal of claims and defences under the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) (7th Edition) 2025 (2025 SIAC Rules) herein. The 2025 SIAC Rules govern arbitrations commenced on or after 1 January 2025, unless the parties have agreed to the contrary.
Early dismissal under the 2025 SIAC Rules, r 47
SIAC was among the earliest leading international commercial arbitration institutions indeed to adopt a process for the early dismissal of claims and defences. When first
Arbitration
PRACTICE NOTES
Prepared in collaboration with Ms Koh Swee Yen, Senior Counsel and Partner, Mr Joel Quek, Partner, Ms Magdalene Ong, Partner, and foreign lawyers Ms Divya Harchandani and Ms Thea Elyssa Vega, all from WongPartnership LLP, Singapore. The SIAC Rules, Seventh Edition, took effect on 1 January 2025 and can be accessed here. This Practice Note outlines what a respondent should do upon receiving a notice of arbitration from the claimant, pursuant to the Singapore International Arbitration Centre (SIAC) Arbitration Rules, 2025, Seventh Edition (the 2025 SIAC Rules). It addresses respondent steps upon receipt of a Notice under the 2025 SIAC Rules. These Rules took effect on 1 January 2025. Unless the parties have agreed differently, the 2025 SIAC Rules govern arbitrations initiated on or after 1 January 2025. Note: Singapore judgments mentioned in this Practice Note are not reported by
Arbitration
PRACTICE NOTES
This Practice Note has been prepared in collaboration with Ms Koh Swee Yen, Senior Counsel and Partner, Mr Joel Quek, Partner, Ms Magdalene Ong, Partner, Ms Divya Harchandani, Foreign Lawyer, and Ms Thea Elyssa Vega, Foreign Lawyer, all of WongPartnership LLP, Singapore. It examines the treatment of multiple contracts, joinder, and consolidation under the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) (7th Edition) 2025 (the 2025 SIAC Rules). The 7th Edition of the SIAC Rules took effect on 1 January 2025 and is available here. The 2025 SIAC Rules govern arbitrations commenced on or after 1 January 2025, unless the parties have agreed to a different regime.
SIAC's multi-party and multi-contract rules
The 2025 SIAC Rules set out detailed provisions addressing:
multiple contracts (2025 SIAC Rules, r 15)
consolidation (2025 SIAC Rules, r 16)
co-ordinated proceedings (2025 SIAC Rules, r 17)
Arbitration
PRACTICE NOTES
This Practice Note has been prepared in collaboration with Ms Koh Swee Yen, Senior Counsel and Partner, Mr Joel Quek, Partner, Ms Magdalene Ong, Partner, Ms Divya Harchandani, Foreign Lawyer, and Ms Thea Elyssa Vega, Foreign Lawyer, all of WongPartnership LLP, Singapore.
The 7th Edition of the SIAC Rules took effect on 1 January 2025 and can be accessed here.
This Practice Note examines the provisions concerning awards and costs under the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) (7th edition) 2025 (2025 SIAC Rules).
The 2025 SIAC Rules apply to arbitrations begun on or after 1 January 2025, unless the parties have agreed otherwise.
Note: Singapore judgments cited in this Practice Note are not reported by LexisNexis UK.
Definition of the award
Under the SIAC Rules, an award encompasses interim, interlocutory, consent, partial, final, or additional awards, and also includes an Emergency
Arbitration
PRACTICE NOTES
This Practice Note has been prepared in collaboration with Ms Koh Swee Yen, Senior Counsel and Partner, Mr Joel Quek, Partner, Ms Magdalene Ong, Partner, Ms Divya Harchandani, Foreign Lawyer, and Ms Thea Elyssa Vega, Foreign Lawyer, all from WongPartnership LLP, Singapore. The seventh edition of the SIAC Rules took effect on 1 January 2025 and can be accessed here. This note addresses how to initiate arbitration under the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) (7th edition) 2025 (the 2025 SIAC Rules). Please note that Singapore judgments mentioned in this Practice Note are not reported by LexisNexis® UK.
Prior to commencing an arbitration
Before beginning an arbitration, there must be a ‘dispute’ that is capable of referral to arbitration. At the outset, assess whether an arbitration agreement exists and whether there is a ‘dispute’ that may properly be referred to
Arbitration
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