SIAC Arb-Med-Arb Protocol – Detailed Fee Breakdown24 Mar 2026 06:51
(All figures exclusive of 9% GST | Exchange rate: 1 USD = 1.28 SGD)
Key Background
* The original claim was based on the US$1.8 million transaction value (≈ S$2.304 million).
* Arbitration fees are normally split 50/50 between the claimant (GST) and the respondents (Zheng & Choo).
* The rule that allows the claim amount to be increased is Rule 33.5 of the SIAC Rules 2025.
Example 1: Original Claim (~US$1.8 million)
Cost Item Total Fee (SGD) GST’s Share (50%) Respondents’ Share (50%) Notes
SIAC Filing Fee S$3,000 – S$3,270 S$3,000 – S$3,270 S$0 Paid 100% by GST
SIAC Administration Fee S$22,900 – S$23,600 S$11,450 – S$11,800 S$11,450 – S$11,800 50/50 split
Arbitrator’s Fees (up to mediation) S$78,000 – S$87,000 S$39,000 – S$43,500 S$39,000 – S$43,500 Partial deposit only
Appointment Fee (1 Arbitrator) S$5,000 – S$5,450 S$2,500 – S$2,725 S$2,500 – S$2,725 50/50 split
SIMC Mediation Fees & Disbursements S$16,000 – S$25,000 S$8,000 – S$12,500 S$8,000 – S$12,500 50/50 split
Legal Fees (July 2025 – Mar 2026): S$130,000 (realistic estimate with retainer)
Grand Total Spent on Arb-Med-Arb So Far:
S$194,000 – S$217,800 (≈ US$151,500 – US$170,200)
https://siac.org.sg/siac-schedule-of-fees-2025
Example 2: If Claim inside arbitration had been increased after mediation to US$4.2 million (≈ S$5.376 million)
Cost Item Amount (SGD) Notes
SIAC Administration Fee S$37,300 – S$37,600 S$36,000 + 0.240% on excess over S$5m
Arbitrator’s Fees (full expected) S$130,000 – S$138,000 Sole arbitrator – full scale at S$5.376m may have just made small deposits up to Arb-Med.
Additional Top-Up Deposit Required S$135,000 – S$160,000 Extra deposit GST would have had to pay
Appointment Fee (1 Arbitrator) S$5,000 – S$5,450 Already paid
SIMC Mediation Fees & Disbursements S$16,000 – S$25,000 Already paid
Legal Fees (if continued in arbitration): S$170,000 – S$260,000
Grand Total if Pursued in Arbitration at US$4.2 million:
S$500,000 – S$640,000 (≈ US$391,000 – US$500,000)
Raise must be due soon. Lets wait For Zheng and Zhu to get this stayed....
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