Presently, more than 40% of the world's shipping tonnage is owned or controlled by Asian interests. Asia is expected to gain in prominence in shipping. Singapore, located at the crossroads of one of the busiest shipping routes, is uniquely positioned to meet the growing demand for maritime services, and in particular, dispute resolution services by arbitration.
Singapore -- an arbitration-friendly environment
- Independent neutral third-country venue
- UNCITRAL Model Law - the cornerstone of Singapore's law on international commercial arbitration
- Party to New York Convention - Singapore arbitration awards are enforceable in almost any country of the world
- Strong tradition of the rule of law
- Maximum judicial support of arbitration, minimum intervention
- Freedom of choice of counsel in arbitration proceedings
- Competent arbitration professionals - lawyers, arbitrators and experts
- Excellent support facilities and services
- Lower cost than in almost any other major centre of arbitration
- Confidentiality of arbitration proceedings is fully protected by law
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