RE: SIAC Arb-Med-Arb Protocol – Detailed Fee Breakdown25 Mar 2026 06:29
Https://siac.org.sg/arb-med-arb-ama-protocol
So if mediation started early December then mediation officially finished beginning of February and then RNS update 13th Feb, Find it incredible they thrash out agreement in first 10 days and then they didn’t.
Also if Zheng and Zhu file defence they lose the right to stay the arbitration, at the moment until GST RNS discontinuation of Arbitration they are currently running parallel cases.
Best thing Zheng and Zhu should do is file for security costs make GST come up with those funds and then stay the high court under section 6 and take it back to SIAC
5. The Tribunal shall, after the exchange of the Notice of Arbitration and Response to the Notice of Arbitration, stay the arbitration and inform the Registrar of SIAC that the case can be submitted for mediation at SIMC. The Registrar of SIAC will send the case file with all documents lodged by the parties to SIMC for mediation at SIMC.
7. At the termination of the 8-week period (unless the deadline is extended by the Registrar of SIAC) or in the event the dispute cannot be settled by mediation either partially or entirely at any time prior to the expiration of the 8-week period, SIMC shall promptly inform the Registrar of SIAC of the outcome of the mediation, if any.
8. In the event that the dispute has not been settled by mediation either partially or entirely, the Registrar of SIAC will inform the Tribunal that the arbitration proceeding shall resume. Upon the date of the Registrar’s notification to the Tribunal, the arbitration proceeding in respect of the dispute or remaining part of the dispute (as the case may be) shall resume in accordance with the Arbitration Rules.
What I really do not understand is if GST found smoking gun evidence they could have amended the claim and gone to full arbitration hearing and gain the award, this is a risky play, to embarrass Zheng and Zhu publicly into settlement, fine if it works but like most tactics from GST they don't. And of course they would have had to add another 150k 200k Sing to arbitration. Is this what they are trying to avoid with bully tactics to settle?
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