SIMC visit to Shanghai and Beijing, China, in October 2015
12-16 October 2015
The Singapore International Mediation Centre (SIMC) was in Shanghai and Beijing to share about the recent developments in mediation in Singapore, including the arb-med-arb service SIMC offers together with the Singapore International Arbitration Centre (SIAC).
Represented by Director Mr Lok Vi Ming SC and Deputy CEO, Ms Eunice Chua, SIMC conducted briefings and seminars for law firms and companies and also visited the CCPIT/CCOIC Mediation Centre, Beijing Lawyers’ Association and other stakeholders.
The concept of mediation is something very familiar to Chinese parties. Although the actual process involved may differ somewhat from the models of mediation foreign parties may be used to, there is appreciation and recognition of mediation’s value in providing a relatively low-cost, but quick and effective way of resolving disputes. Nevertheless, in the context of cross-border commercial disputes, it appears that mediation is still infrequently employed due to concerns about neutrality and enforceability.
SIMC’s establishment as a specialist international mediation centre independent from SIAC yet collaborating closely with SIAC in combining arbitration and mediation in a one-stop service seeks to address these concerns. Through continued dialogue and sharing of perspectives, SIMC hopes to work with key stakeholders in China to support the growth and development of mediation in China for the benefit of Chinese businesses and foreign investors in China.