The Asian International Arbitration Centre (AIAC) recently published its Arbitration Rules 2021 ("2021 Rules"). It presents a major overhaul and update to its 2018 predecessor both in form and substance.
The preliminary research and revisions by AIAC's legal services team started in August 2019, consultation with the Rules Revision Committee occurred in March and June 2021 with the AIAC Rules published for public consultation in July 2021. The Rules took effect on 1 August 2021.
Here is a summary of 10 key changes you must know.
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