Singapore has amended its International Commercial Court in order to strengthen its status as a hub of international arbitration.
According to Lexology, on January 9th, 2018, the Supreme Court of Judicature passed amendments which clarify that the Singapore International Commercial Court (“SICC”) has jurisdiction to hear proceedings relating to international commercial arbitration, and also abolish the pre-action certificate procedure for applications to the SICC.
The amendments are meant to increase awareness and usage of the SICC, and to further cement Singapore as a seat of international arbitration in East Asia. Additionally, 4 new international jurists have joined the SICC bench:
- The Honorable Robert French (retired Chief Justice of the High Court, Australia)
- The Honorable Beverley McLachlin (retired Chief Justice, Canada)
- The Right Honorable Lord Neuberger of Abbotsbury (retired President of the Supreme Court, United Kingdom)
- The Honorable Sir Jeremy Cooke (former judge overseeing the Commercial Court, United Kingdom)
Source: Litigation Finance Journal