Singapore To Grow As An International Arbitration Center

international arbitration

Singapore International Arbitration Center is a global leader in mediation

Singapore’s standing as an international arbitration powerhouse is set to grow as it builds on past efforts and global economies recover from the Covid-19 pandemic.

Sounding this upbeat mood, industry players point out that Singapore has clearly entrenched itself as a major dispute resolution center for Asia, and post-pandemic recovery should provide the impetus to propel Singapore as a leading global player.

“As can be seen from the statistics provided by the Singapore International Arbitration Centre (SIAC) earlier this year, the three biggest foreign users of SIAC are India, the United States, and China. All three of these economies are projected to have robust growth in 2021 and beyond, and the level of activities for dispute resolution can only go up,” said Mr Chong Yee Leong, Allen & Gledhill’s co-head of international arbitration. read more

Source: K.C. Vijayan – The Straits Times