Launch Of Law Society Arbitration Scheme
The Law Society Arbitration Scheme (LSAS) was officially launched on 1 August 2007 at the Singapore Management University. The LSAS is a quick and cost-effective way for parties to have their dispute resolved by a binding but private process of arbitration.
For the LSAS, the Law Society has drafted the Law Society's Aribtration Rules 2007 and has a panel of experienced lawyers to be arbitrators. Parties also have to option of selecting their own arbitrator (who must be a member of the Law Society) from outside this panel.
The Law Society will play the role of a facilitator if there is no agreement on selection of the arbitrator.
Arbitrations under the LSAS is expected to be completed with 120 days. The Law Society has a scale of costs for the arbitrator's fees. Further information can be found at www.lawsociety.org.sg
For the LSAS, the Law Society has drafted the Law Society's Aribtration Rules 2007 and has a panel of experienced lawyers to be arbitrators. Parties also have to option of selecting their own arbitrator (who must be a member of the Law Society) from outside this panel.
The Law Society will play the role of a facilitator if there is no agreement on selection of the arbitrator.
Arbitrations under the LSAS is expected to be completed with 120 days. The Law Society has a scale of costs for the arbitrator's fees. Further information can be found at www.lawsociety.org.sg
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