Recent Arbitration Developments in Thailand: Fifth Amendment to the TAI Arbitration Rules
With over three decades of history, the Thai Arbitration Institute (“TAI”) is one of Thailand’s leading arbitral institutions, having administered disputes totalling over THB 1 trillion as of 2020. Known for its neutrality and independence, TAI operates under the Office of the Judiciary with government funding, enabling it to provide administrative services without charging institutional fees – offering significant cost savings to parties.