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.
Committed to staying current with developments in arbitration, TAI has regularly updated its Arbitration Rules of 2017 (“TAI Arbitration Rules“). The Fourth Amendment (2021) to the TAI Arbitration Rules introduced expedited procedures for disputes where parties so agree or where claims do not exceed THB 5 million.
The most recent revision (“Fifth Amendment“) took effect on 1 September 2023, introducing subtle yet meaningful refinements.
In this article, we examine the details of the Fifth Amendment and explore how parties in dispute may benefit from these developments.
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