Thailand: Amendments to the TAI Arbitration Rules
Arbitration is a common mechanism for alternative dispute resolution nowadays. The Thai Arbitration Institute (the “TAI”) (originally the Arbitration Office under the supervision of the Ministry of Justice) is among a handful of organizations that provide services in administering arbitration proceedings in Thailand. The TAI has amended its arbitration rules with the goal of streamlining procedural rules and increasing the efficiency of the overall arbitral process. An understanding of the TAI Arbitration Rules, which generally apply to disputes under the auspices of the TAI, is critical for organizations that choose arbitration as a means to settle disputes through the TAI.