A World-Class Forum For International Arbitration

Singapore’s strong economy, infrastructure, and cutting-edge communication facilities, coupled with its political and social stability, are some key reasons why many of the world’s leading multinational corporations have established their Asian operations there. In a 2002 survey of 60 world economies conducted by the Economist Intelligence Unit, Singapore was voted the best business environment in Asia.

Parallel to this recognition has been Singapore’s growing reputation as a worldclass forum for international arbitration. According to figures released by Singapore’s Economic Development Board, there were more than 60 registered international arbitrations conducted in Singapore in 2002. Of these, 14 arbitrations were administered by the International Chamber of Commerce ("ICC"). This comprises almost 50 percent of the ICC arbitrations conducted in the Asian region in 2002, making Singapore the leading venue in Asia for ICC arbitrations.