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Singapore International Arbitration Centre Sets Record In 2020

Singapore International Arbitration Centre

Singapore International Arbitration Centre had 1080 case filings in 2020

2020 saw the Singapore International Arbitration Centre (SIAC) set a new record with 1,080 new case filings. This is the first time that SIAC’s caseload has crossed the 1000-case threshold. Of the 1,080 cases, 1,063 (98%) were cases administered by SIAC, which is also a record. The remaining 17 (2%) cases were ad hoc appointments.

Singapore International Arbitration Centre 2020 Annual Report

SIAC’s total sum in dispute for 2020 was USD 8.49 billion (SGD 11.25 billion) which was a 4.9% increase from 2019.

Parties from 60 jurisdictions chose to arbitrate at SIAC in 2020. India, US and China topped the foreign user rankings. Other top foreign users encompassed a broad spectrum of civil and common law jurisdictions, including Switzerland, Thailand, Indonesia, Hong Kong SAR, Vietnam, Japan and Cayman Islands.

Mr Davinder Singh, SC, Chairman of SIAC, said: “We are deeply grateful for this immense support which is a clear re-affirmation of the international community’s trust in SIAC’s neutrality, integrity, independence, and time and cost efficiency, and of the world’s regard for our best in class judiciary and a government which sets the legislative pace.”

Source: News Release

Litigation Edge Singapore