On 9 December 2024, the Singapore International Arbitration Centre published the 7th edition of its arbitration rules (the “2025 SIAC Arbitration Rules”), thus amending the previous 2016 version of the rules. The new 2025 SIAC Arbitration Rules comprise ten sections with 65 Rules, and contain three specific schedules: Section I – Introductory Rules (Rule 1 […]
International Arbitration and the Republic of Guinea
International arbitration plays a significant role in the resolution of cross-border disputes involving the Republic of Guinea, particularly in sectors such as mining and energy, which are vital to the nation’s economy,[1] and which have attracted major international investors. The mining sector in the Republic of Guinea revolves principally around bauxite, iron ore and gold […]
Arbitration and Long-Term Contracts
The importance of long-term contracts in various industries has grown significantly. These agreements feature an extended duration, exhibit complexity, and establish interconnected reliance between the parties. Long-term contracts often govern relationships in sectors such as mining, telecommunications, and oil and gas, where cooperation over a prolonged period is essential. Given the extended nature of these […]
Frivolous Claims in Arbitration: ICSID Rule 41(5) and Rule 41
If a Claimant submits a request for arbitration to the International Centre for Settlement of Investment Disputes (ICSID), according to Article 36(3) of the ICSID Convention, its request will be registered, and the case will proceed unless the Secretary-General finds, on the basis of the information contained in the request, that the dispute is manifestly […]
Taxation of International Arbitration Awards
The taxation of damages in international arbitration awards should be a significant consideration for any party embroiled in an arbitrable dispute. According to Keller and Leikin, the average tax liability in cases heard before tribunals established under the International Convention for Settlement of Investment Disputes (the “ICSID”) is an eye-watering USD 16-38.5 million.[1] Nevertheless, the […]