Page 4 - SINGAPORE: Gateway to Dispute Resolution

AN OVERVIEW OF SINGAPORE SICC MAXWELL MEDIATION SCMA SIAC ARBITRATION SINGAPORE SINGAPORE LAW LAW CHAMBERS
SINGAPORE: GATEWAY TO LEGAL SERVICES
Efficiency, economy and innovation are the hallmarks of dispute resolution in Singapore. In a business environment of increasing complexity and uncertainty, Singapore stands out as a trusted and safe venue for dispute resolution.
The World Bank Doing Business Report 2018 ranks Singapore second globally in the contract enforcement variable – which measures the efficiency of a judicial system in resolving a commercial dispute.
Why Singapore?
• Pro-business environment: With supportive government policies and a pro-business environment, international parties seeking to resolve commercial disputes in Singapore can expect laws that are responsive, and keenly attuned to their needs. We keep abreast of commercial developments and international best practice in the knowledge that law, like the businesses it protects, does not stand still.
Singapore consistently ranks amongst the top of the World Bank’s Doing Business rankings as the world’s easiest place to do business.
• Trusted legal system: With a strong reputation for good governance, low corruption, efficiency, rule of law and a trusted legal system, Singapore is an independent and neutral venue.
Singapore is the 7th least corrupt nation in the world, according to Transparency International’s Corruption Perceptions Index 2016. The World Justice Project’s Rule of Law Index 2016 ranks Singapore as the top Asian country, and 9th worldwide.
• Respected judiciary: Singapore’s judiciary is well-respected for efficiency, competence and honesty. Our courts also have a strong international outlook, and increasingly consider a wide diversity of foreign judgments in their decisions.