Singapore is one step closer to being a regional hub for dispute resolution, with the launch of the Singapore International Mediation Centre yesterday.
The Singapore International Mediation Centre (SIMC), the world’s first specialist centre for the mediation of international commercial disputes, is now open for business following a launch event at the city state’s Maxwell Chambers.
The launch of the new centre to be known as the Singapore International Mediation Centre or SIMC took place today at Maxwell Chambers. The building is also home to the Singapore International Arbitration Centre (SIAC).
Rising intra-Asia trade and a conducive legal regulatory environment are factors that contributed to Singapore’s rise as a major arbitration centre. Two upcoming centres are expected to extend the Republic’s role in arbitration. SINGAPORE: Trade within Asia is growing faster than anywhere else in the world. According to Citi, intra-Asia trade makes up a quarter of Asia’s annual exports of US$6 ...
Recent developments in Singapore demonstrate its intention to position itself as a leading dispute resolution centre in Asia. Singapore is already widely recognised as a centre for arbitration. It is the third most popular arbitral seat internationally and SIAC is the fourth most popular arbitral institution. Singapore is a signatory to the New York Convention and SIAC awards have been enforced ...
An announcement on the increasing number of family offices set up in Singapore last week highlights how the Republic woos ultra wealthy families to manage their wealth, says Singapore Incorporation.
