Arbitration in Singapore
Singapore – A Dynamic Cosmopolitan City State With Excellent Infrastructure And Communications
What Singapore Has to Offer
- An independent neutral third-country venue currently rated at number 5 in world for neutrality in the Corruption Perceptions Index.
- A strong multicultural society, with excellent legal and technological expertise as well as language fluency.
- A central location in Southeast Asia with 5,400 scheduled flights a week to 200 cities.
- An open economy and business environment that is host to over 7,000 multinational firms.
- The UNCITRAL Model Law is the cornerstone of Singapore's legislation on international commercial arbitration which is regularly updated to incorporate internationally accepted codes and rules for arbitration.
- A party to the 1958 New York Convention (on enforcement of arbitration awards). Singapore arbitration awards are enforceable in over 140 countries worldwide.
- A strong tradition of the rule of law, supported by a highly skilled judiciary that receives top rankings in international surveys.
- The Courts offer maximum judicial support of arbitration and minimum intervention granting parties full and consistent support in the conduct of international arbitration.
- Parties have a freedom of choice of counsel in arbitration proceedings regardless of nationality.
- There is no restriction on foreign law firms engaging in and advising on arbitration in Singapore.
- Non–residents do not require work permits to carry out arbitration services in Singapore.
- There are excellent facilities and services to support the conduct of arbitration at Maxwell Chambers Asia’s largest integrated dispute resolution complex with state of the art hearing facilities.
- Lower costs than in almost any other major centre of arbitration.