Rules and Guidelines For The Arbitration Proceedings
Rules and Guidelines For The Arbitration Proceedings
Rules and Guidelines For The Arbitration Proceedings
In this case, Moon X has approved the Singapore International Arbitration Centre (SIAC) for the initiation of arbitration involving the
dispute with BSRC. Therefore, the seat of arbitration will be Singapore.
As per the information provided, the arbitration clause specifies that the seat of arbitration is Mumbai under the SIAC institution.
However, Moon X has approved SIAC for the arbitration, and SIAC is an international arbitration institution based in Singapore.
Therefore, the seat of arbitration will be Singapore, and SIAC rules and guidelines will be applicable to the arbitration process.
To summarize:
Applicable Law
31.1 The Tribunal shall apply the law or rules of law designated by the parties as applicable to the
substance of the dispute. Failing such designation by the parties, the Tribunal shall apply the
law or rules of law which it determines to be appropriate.
31.2 The Tribunal shall decide as amiable compositeur or ex aequo et bono only if the parties have
expressly authorised it to do so.
31.3 In all cases, the Tribunal shall decide in accordance with the terms of the contract, if any, and
shall take into account any applicable usage of trade.