The specialised rules offer an alternative to the standard SIAC arbitration rules, addressing issues that specifically affect investment arbitration including early dismissal of claims, confidentiality, submissions by non-disputing parties and disclosure of third party funding arrangements, SIAC said.
The draft rules were put together in consultation with the Court's sub-committee on investment arbitration, which is made up of practitioners who have worked in the field internationally.
Gary Born, president of SIAC's court of arbitration said the draft rules are "intended to provide an efficient and neutral set of procedural rules tailored to the needs of both states and investors. We look forward to receiving comments from users around the world."
Comments on the draft rules, and on any other related issues, can be made until 29 February.
