Insights

Interview with Mr. Kevin Kim, Board Member of SIMC

In the realm of international business, disputes have the potential to escalate into costly legal battles. One way to prevent such escalation is to incorporate a mediation clause into your contracts.

By its very nature, a dispute almost universally involves ill feelings, strong disagreements, and sometimes broken promises. Relationships and negotiations break down and at some point, the parties will inevitably reach an impasse. At this point, legal action may seem necessary for resolution.

Multi-national corporations (MNCs) exist to do business and generate profits. A mainstay of achieving that goal is to create and maintain strong relationships with other parties. For the most part, these relationships are closely handled and carried out amicably but occasionally disputes can arise. When this happens, dispute lawyers are usually brought in and parties fight out their differences in...

Early findings of next year’s Singapore International Dispute Resolution Academy’s (SIDRA) International Dispute Resolution Survey have been released. These findings, announced on 29 August at SIDRA’s event during Singapore Convention Week, shed light on both the changing priorities of clients and their overall satisfaction with various forms of dispute resolution, including mediation.

How does one make the most of ”midnight clauses” so that they’re not simply added as a last-minute afterthought, and what are the key principles and tips to bear in mind when drafting settlement agreements, which are quite often done at a late hour?

Why spend money and time to fight a case when you can make a deal where it benefits both parties?

We were thrilled to have hosted Mr Edwin Tong SC, Second Minister for Law, at the closing of our 4th Specialist Mediators’ Workshop in Singapore from 21 to 22 July 2022. Mr Tong gave out Certificates of Participation and shared words of encouragement on building a cohesive dispute resolution environment rooted in the principles of mediation.

Say “SIMChi!” – 20 Korean, American, Singaporean and Australian lawyers and in-house counsel took part in our Specialist Mediator Workshop in Seoul held on 15 – 16 June.

By Felicia Tan, Partner, TSMP Law Corporation