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 consistently ranked 7th for the least corrupt public sector in the world in the Corruption Perceptions Index 2016. Singapore is also consistently ranked no. 1 for the least corrupt public sector in Asia 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 6,600 scheduled flights a week to 320 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 150 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 first fully-integrated dispute resolution complex with state-of-the-art hearing facilities.
• Lower costs than in almost any other major centre of arbitration.
• Third party funding allowed in the field of international arbitration and related proceedings