Singapore: The Most Preferred International Arbitration Seat in the Asia-Pacific Region
In the 2021 International Arbitration Survey, Singapore was jointly placed with London as the most popular arbitral seat in the world and was ranked the most preferred seat in the Asia-Pacific region. This boosts Singapore’s reputation as a pre-eminent dispute resolution hub and is no doubt a result of Singapore’s strong political, and judicial support towards international arbitration and the dispute resolution ecosystems that complement it.
This entails continuous innovation and adept adaptation.
Singapore’s international arbitration landscape
Singapore is a party to the 1958 New York Convention and is home to a full suite of acclaimed dispute resolution institutions. Apart from our trusted Singapore courts, local institutions include the Singapore International Arbitration Centre (SIAC), the sector-specific Singapore Chamber of Maritime Arbitration, and the Singapore International Mediation Centre (SIMC).
International Arbitral Institutions
Prominent international arbitral institutions have also established offices in Singapore, including the International Chamber of Commerce (ICC), the International Centre for Dispute Resolution and the Permanent Court of Arbitration, and the World Intellectual Property Organisation Arbitration and Mediation Centre. Each boasts an extensive panel of renowned international experts. Most of these institutions have offices at Maxwell Chambers Suites, part of Singapore’s flagship state-of-the-art dispute resolution complex Maxwell Chambers.
Maxwell Chambers’ offerings cater to every dispute resolution need. The full suite of services, from remote transcription and interpretation services, and integrated document management to fully-digital hearing solutions, ensure effective and efficient hearings for international parties, regardless of where they are located. We now speak less of the “agreed bundle” but more of the “E-bundle”.
Singapore International Arbitration Centre
Institutional arbitrations have increased over the years, reflecting the high regard that the international community has for Singapore. In 2021, SIAC saw its third-highest caseload, with 469 new case filings. This is the fifth consecutive year that SIAC’s caseload has exceeded 400, with the number of cases doubling over the last decade. 86% of those cases were international cases from over 64 jurisdictions. read more
Source: Dentons Rodyk