The Singapore International Arbitration Centre and the Maxwell Chambers proudly present a seminar on ‘Saving Time & Costs in Arbitration - A Master Class' on 28 March 2011 at Maxwell Chambers, Singapore.
If the first question a lawyer is asked is "Are we going to win?" it is generally closely followed by "How much will it cost?".
Arbitration is now the first choice option for the binding resolution of commercial disputes in the widest range of contractual relationships and across many jurisdictions. It is much praised for its various virtues of confidentiality, limited appealibility, providing a means whereby parties may avoid unfriendly courts and the portability of any awards given. As much as it is praised, however, it receives criticism in equal measure for what parties see as its inherent cost.
It's certainly not news that saving time and money are essential in today's competitive business environment. For in house counsel, claims and associated expenses are being scrutinized more closely than ever. When properly managed and integrated into a business strategy, arbitration clauses can save time and money.