Page 18 - SINGAPORE: Gateway to Dispute Resolution

WHY CHOOSE SINGAPORE LAW?
Strongly associated with the strengths of the Singapore legal system, Singapore law is frequently adopted by contracting parties as a neutral choice of law. It may be chosen to govern transactions even if there is no connection between the parties or the transaction, and Singapore.
• Transparent, neutral and predictable: Singapore law is fair and transparent, with reliable and predictable results. As a common law jurisdiction, Singapore’s laws retain the commercial strengths and stability of that legal tradition.
• Modern and relevant: Responsive to changing global commercial practices, Singapore’s jurisprudence and legislation maintain a strong internationalist outlook, continuing to absorb and modify the common law as well as best practices from other mature legal systems. Singapore law is uniquely placed to reflect the commercial context in Asia and is frequently chosen as the applicable law for contracts.
• World-class standards: Singapore adheres to international commercial standards, and has ratified many international multilateral commercial law treaties, such as the UN Convention on Contracts for the International Sale of Goods, New York Convention on Recognition and Enforcement of Foreign Arbitral Awards and Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks.
• Cost-effective: Legal costs in Singapore are consistently lower than those in other major cities such as London and New York.
AN OVERVIEW OF SINGAPORE SICC MAXWELL MEDIATION SCMA SIAC ARBITRATION SINGAPORE SINGAPORE LAW LAW CHAMBERS