Singapore Parliament moves to Assist Foreign Arbitrations

By Subramanian Pillai and Peter Low

A 2007 Report by the International Chamber of Commerce – International Court of Arbitration (ICC-ICA) ranked Singapore as the leading city in Asia for ICC Arbitrations and alongside Paris, London, Geneva and Zurich, as one of the most popular venues for ICC Arbitrations in the world. Singapore's evolution into the pre eminent arbitration venue in Asia received a further boost recently with the launch of Maxwell Chambers as an integrated one-stop arbitration centre providing world-class hearing facilities with state of the art services.

However, achieving excellence as a prime arbitration venue for international arbitrations may well not be enough. Singapore must also be seen as an active participant on the world stage in promoting the effective administration of international arbitrations, wherever these arbitrations are conducted. In recognition of this, the Singapore Parliament passed the International Arbitration Amendment