01 Nov '11, 2am

S'pore aims to be at forefront of international arbitration

SINGAPORE: Law and Foreign Affairs Minister K Shanmugam on Tuesday said Singapore intends to be at the "leading edge of thinking in international arbitration". Speaking at an Arbitration Dialogue organised by his Law Ministry at the Maxwell Chambers on Tuesday morning, he said Singapore's legal infrastructure is being strengthened to assist international arbitration. He added that Singapore has taken several steps over the years to root itself on the international arbitration map. "We have a court system and a judicial philosophy now which is extremely supportive of arbitration as well. They intervene in appropriate cases, they don't take a totally hands-off approach, but totally supportive in line with international thinking," said Mr Shanmugam. This includes a proposed amendment to the International Arbitration Act (IAA) to recognise that agreements no longer need to be ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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