Singapore International Arbitration Act

The Singapore International Arbitration Act (IAA) provides a legal framework for resolving international commercial disputes through arbitration in Singapore. It ensures that arbitration agreements are recognized and enforced, governs how arbitrations are conducted, and sets out the powers of arbitral tribunals. The Act aligns with international standards to make Singapore a favorable and reliable jurisdiction for resolving cross-border disputes. It also incorporates the New York Convention, facilitating the enforcement of arbitration awards across different countries, thereby promoting efficiency and certainty for international trade and investment.