Page 6 - SINGAPORE: Gateway to Dispute Resolution

INTERNATIONAL ARBITRATION
Singapore is a leading venue in Asia for international arbitration, ranking in the top 5 places for international arbitration globally in the 2015 International Arbitration Survey. Many of the world’s leading arbitral institutions and arbitration practitioners have made Singapore their regional base, with Maxwell Chambers, “the place to be and be seen” in international arbitration.
Why do so many parties choose Singapore?
The international arbitration regime in Singapore enjoys a unique combination of competitive advantages:
• A genuinely open regime: Parties are free to engage lawyers and arbitrators of any nationality and use any governing law.
• Modern and responsive laws: As with the rest of our laws, Singapore’s arbitration legislation is regularly reviewed to keep abreast of international best practices and commercial developments:
• Our arbitration legislation adopts UNCITRAL Model Law provisions, including those empowering the Court to grant interim orders in aid of foreign arbitration.
• Singapore was one of the first jurisdictions to provide clear legislative support for the appointment of an emergency arbitrator, and for any resulting order. The emergency arbitrator procedure enables parties to obtain urgently required interim relief before a Tribunal is constituted, without the need to go to Court.
• Singapore has also amended its laws to permit and facilitate the use of third party funding in international arbitration proceedings and related court and mediation proceedings.
• Singapore’s International Arbitration Act and Arbitration Act, which govern international and domestic arbitration respectively, can each be found at http://statutes.agc.gov.sg.
• Judicial support: Singapore Courts reliably uphold parties’ agreements to arbitrate and offer maximum judicial support – with minimal intervention – in international arbitration proceedings. Specially-appointed judges preside over arbitration matters brought before the High Court, with the experience to handle any and all complex issues that may arise.
AN OVERVIEW OF SINGAPORE SICC MAXWELL MEDIATION SCMA SIAC ARBITRATION SINGAPORE SINGAPORE LAW LAW CHAMBERS