Page 7 - SINGAPORE: Gateway to Dispute Resolution

• Enforceability of arbitral awards: Singapore is a party to the 1958 New York Convention. This means that arbitral awards issued in Singapore are enforceable in the courts of over 150 Convention countries.
• Leading arbitral institutions: The Singapore International Arbitration Centre and the Singapore Chamber of Maritime Arbitration are based in Singapore. Numerous leading arbitral institutions can be found in Singapore, including the:
• Permanent Court of Arbitration
• International Centre for Settlement of Investment Disputes
• International Court of Arbitration of the International Chamber of Commerce
• American Arbitration Association – International Centre for Dispute Resolution
• World Intellectual Property Organization Arbitration and Mediation Center
These institutions and others are housed in the world’s first integrated dispute resolution complex, Maxwell Chambers.
• Rich talent pool: Singapore law firms rank among the world’s best international arbitration practices, according to widely-followed rankings by the Global Arbitration Review. Growing numbers of global law firms have chosen to base international arbitration practice group offices here. A number of leading and established barristers’ chambers now have a permanent presence here, giving parties a wide choice of experienced counsel to select from.
The majority of law firms included in Chambers & Partners Asia Pacific Guide 2016 rankings have a presence in Singapore.
• Tax incentives: As part of building a robust and vibrant legal services hub,
Singapore offers arbitration-specific tax exemptions and incentives for legal practices and arbitrators. In particular, a tax exemption scheme is in place for non-resident foreign arbitrators who are appointed for any arbitration proceedings governed by the International Arbitration Act or the Arbitration Act, or which would have been governed by either of these Acts had the place of arbitration been in Singapore.
SINGAPORE ARBITRATION SIAC SCMA MEDIATION MAXWELL SICC SINGAPORE AN OVERVIEW OF CHAMBERS LAW SINGAPORE LAW