Beijing Arbitration Commission (LAC) “All disputes arising from or related to this contract are subject to the Beijing Arbitration Commission/Beijing International Arbitration Center for Arbitration, in accordance with its arbitration rules. The arbitration award is final and binding on both parties. In accordance with the siac rules of arbitration, updated in 2016, the document opening an arbitration procedure is more called an arbitration act than an application for arbitration. Section 3 of the SIAC Arbitration Regulation defines what should be included in a copy of the SIAC arbitration. The SIAC Notification of Arbitration model below, established by Aceris Law, is virus-free and refers to the relevant requirements of the siac rules of arbitration in the model text. In the past, it was necessary to introduce quick arbitration rules into contracts to ensure a streamlined arbitration procedure for minor disputes. However, the situation has changed over the past decade, with many major arbitration institutions, such as ICC, CSC, SIAC, HKIAC and ICDR, which have incorporated expedited arbitration into their arbitration rules, automatically provided for leaner arbitrations for minor disputes. For example, the ICC Expedited Procedure Provisions automatically applies to disputes for which (1) the arbitration agreement was concluded after 1 March 2017, (2) the amount of the dispute is less than or equal to USD 2,000,000 and (3) the parties have not opted for the ICC Expedited Procedure Rules. The following ad hoc arbitration clause (with the exception of the one that designates Atlanta as a place of arbitration) was made by Jan Paulsson, Nigel Rawding – Lucy Reed, The Freshfields Guide to Arbitration Clauses in International Contracts (3d ed., 2011): Singapore International Arbitration Centre (SIAC) “Any dispute, arbitration managed by the Singapore International Arbitration Centre (SIAC) is dealt with for the time being, in accordance with the arbitration rules of the Singapore International Arbitration Centre (“SIAC Rules”), and is definitively resolved by an arbitration procedure taken into account by the reference to this clause.” World Intellectual Property Organization (WIPO) Arbitration and Mediation Centre “Any litigation, controversy or claim arising from or related to this contract and any subsequent modification of this contract, including, but not limited to its formation, validity, employment effect, interpretation, delivery, violation or termination, as well as non-contractual claims, will be returned and ultimately decided by arbitration in accordance with WIPO rules. The arbitral tribunal consists of [a single arbitrator] [three arbitrators]. The place of arbitration is [indicating the location]. The language to be used in arbitration is [indicating language]. The dispute, controversy or claim is decided according to the right to [specify jurisdiction]. The seat or place of arbitration is [the State of Georgia, United States of America, in the city of Atlanta, Fulton County].3 (i) the language of arbitration is … [language]; Australian Centre for International Commercial Arbitration (ACICA) “Any dispute, controversy or claim arising from or relating to this contract, including matters relating to its existence, validity or termination, is resolved by arbitration in accordance with ACICA`s arbitration rules.” ACICA acts as a governing body and authority for the position of President under the UNCT OFFICER Arbitration Regulations.
ACICA recommends the following compromise clause for parties who adopt the CNUDCI Arbitration Regulations: “Any controversy or claim arising from this contract or its violation is governed by arbitration managed by the International Dispute Settlement Centre in accordance with its international arbitration rules.