Legal practitioners in Asia prefer Singapore as venue to resolve disputes

legal practitioners in Asia

Legal practitioners in Asia very familiar with Singapore's arbitration services

More legal practitioners in Asia now prefer to resolve disputes in the Republic, according to survey results that suggest Singapore's status as a dispute resolution hub has strengthened over the past few years.

The survey, published on Wednesday (April 17), was commissioned by the Singapore Academy of Law (SAL) and conducted by research company Ipsos in the first quarter of this year.

Among more than 600 counsel who engage in cross-border transactions in Asia who were polled, 63 percent of respondents picked Singapore as their preferred venue for dispute resolution, compared to 52 percent in 2015. The survey also found that English law was still the most frequently used governing law in cross-border transactions.

Source: Charmaine Ng - The Straits Times