5 Nov 2014
Today Online
Law Minister K Shanmugam called it a major milestone in Singaporeās development as a regional dispute resolution hub
Focusing on mediating international commercial disputes, Singapore hopes to be a āpremier destination for legal services and resolution of disputes in Asia and in the worldĀ with the official opening of the Singapore International Mediation Centre (SIMC) today (Nov 5).
Chief Justice Sundaresh Menon, who spoke at the launch at Maxwell Chambers, said that these are exciting times for cross-border trade and investment, with ādramatic growth in trade and investment in Asia in recent yearsĀ.
Highlighting the ācorresponding increase in the need for quality dispute resolution servicesĀ, he said: āThe Singapore International Mediation Centre will fill that gap and this will constitute a significant step towards developing a more complete suite of dispute resolution services available in Singapore.Ā
According to a statement from the Centre, Minister of Law, Mr K Shanmugam called the launch of the SIMC āa major milestone in Singaporeās development as a regional dispute resolution hub.Ā
Along with the presence of the Singapore International Arbitration Centre (SIAC), he said the SIMCās mediation services will ācomplement our successful arbitration sector and upcoming enhanced international litigation capabilities provided by the Singapore International Commercial CourtĀ.
The SIMCās panel will consist mediators such as Singaporeās Ambassador-At-Large Professor Tommy Koh, Dr William Ury, co-author of the worldās bestselling book on negotiation, Getting to Yes, as well as mediators from Africa, Asia, Australia, New Zealand, Europe and North and South America, the statement said.
http://www.todayonline.com/new-singapore-international-mediation-centre-launched