Increase in firms seeking mediation amid the pandemic

WE SPEAK WITH MONEY FM 89.3 ON THE RISE OF MEDIATION

The value and number of disputes filed at SIMC has risen substantially over the years.  

In 2021 alone, the total value of disputes heard amounted to over US$3 billion, equalling the US$3 billion total dispute value for the previous six years (2014-2020) since SIMC’s inception.

SIMC Chairman George Lim SC and Ng Chai Ngee, SIMC Board Member, explain why, and break down the process with Prime Time's Rachel Kelly.