Adoption of Singapore law growing regionally: survey

singapore law

Singapore law is the second-most adopted governing law in cross-border transactions in Asia after English Law, a survey commissioned by the Singapore Academy of Law’s (SAL) Promotion of Singapore Law Committee has found.

The survey, which involved more than 600 legal practitioners and in-house counsel in Asia, found that 29 percent of respondents preferred Singapore law as the governing law for disputes, up from 25 percent, when SAL conducted the first such survey. English law still ruled the roost at 43 percent, but it was down five percentage points since the 2015 survey.

Source: Aparna Sai | Asian Legal Business