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Arbitration trends in the Middle East: What to expect in 2024 and beyond
The last several years have seen rapid growth in the Middle East.
Global | Publication | April 2015
In January 2015, the Singapore International Commercial Court (SICC) joined the Singapore International Arbitration Centre (SIAC) and the Singapore International Mediation Centre (SIMC) in a triumvirate of dispute resolution institutions at the heart of Singapore’s plan to establish itself as the centre for dispute resolution in Asia.
The SICC – which was officially launched on January 5, 2015 – is positioned as the Asian centre for resolving international commercial disputes. It aims to be more attractive to international users than the domestic courts, offering a panel of international judges; the possibility of foreign legal representation; the determination of foreign law on the basis of submissions; the exclusion of Singapore’s laws of evidence; and limits to the right of appeal.
The judges of the SICC comprise both the local judiciary as well as a panel of international judges. The inaugural panel of 11 international judges includes both civilian and common law jurists from around the globe. They are
The SICC’s rules and practice directions have been specifically formulated to hear cross-border commercial disputes. Some of the salient features are as follows
It remains to be seen whether the SICC will enter into memoranda of understanding with other courts on enforcement issues, or related international conventions.
Although much work lies ahead for the SICC, the various parts of Singapore’s plan to position as the leading centre for dispute resolution in Asia are now set firmly in place as we enter the year ahead.
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The last several years have seen rapid growth in the Middle East.
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