The Singapore International Arbitration Centre has seen the number of cases doubling in the past decade.
High-value cases have continued to land at the Singapore International Arbitration Centre (SIAC), with the largest sum in dispute in a single case last year being US$1.95 billion (S$2.64 billion), more than double the highest dispute case value it saw in 2020.
The non-profit institution, which provides arbitration services to the global business community, has also seen the number of cases doubling in the past decade.
Last year, SIAC saw its third-highest caseload in its 30 years with 469 new cases and the total sum in dispute totaling US$6.54 billion.
These figures were released by SIAC in its 2021 annual report. read more
Source: Straits Times