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Quality mediators with international experience are now on tap for Indian businesses faced with cross-border commercial disputes.

Singapore, which is focused on offering complete suites of dispute resolution options for international commercial cases, has launched a dedicated centre for the mediation of cross-border commercial disputes.

Local legal eagles hope that two major initiatives aimed at strengthening Singapore’s status as a leading dispute resolution centre will provide more opportunities.

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.

Law Minister K Shanmugam called it a major milestone in Singapore’s development as a regional dispute resolution hub.

New centre to focus on mediating international commercial disputes on the regional and global stage

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 ...

Specialist mediators available to settle disputes in fields like banking, shipping, construction.

The Republic is well equipped to fill the choice position of Asia’s arbitration hub