On 9 January 2018, the Singapore Parliament passed amendments relating to the Singapore International Commercial Court (“SICC”).
The Supreme Court of Judicature (Amendment) Bill (No. 47/2017) (“Bill”) principally aims to: (1) clarify the extent of the SICC’s jurisdiction; and (2) streamline the SICC’s procedure.
The SICC was established in 2015 as a division of the High Court to decide international commercial disputes (including those governed by foreign law with only tenuous connections to Singapore). Our earlier article, which summarizes the key features of the SICC, may be found here. In its first three years, the SICC has heard 17 cases, which raise diverse issues and involve parties from various jurisdictions.
The latest amendments, together with the strategic expansion of the SICC bench (to include four new eminent international jurists from Australia, Canada and England), anchor the SICC’s reputation as a neutral venue for international and commercial litigants and underpin Singapore’s ongoing endeavor to become a leading centre for the resolution of international commercial disputes.
Source: Lexology | Baker McKenzie