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Singapore to amend its international Arbitration Act

In Singapore, the Ministry of Law is considering the introduction of several amendments to the International Arbitration Act. The arbitration caseload has been increasing in Singapore, with more cases from China and India seen at the Singapore International Arbitration Centre. The cases at the SIAC increased to 198 last year compared to 160 in 2009, while the number of cases heard in Maxwell Chambers more than doubled – from 46 in 2009 to 120 last year.
Singapore is also the fifth top seat of arbitration for International Chamber of Commerce-International Court of Arbitration cases. Read more here. The consultation papers and Draft Bill can viewed here.

 

 


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