- Joined
- Sep 22, 2008
- Messages
- 131
- Points
- 18
:oIo:
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_572310.html
Aug 29, 2010
Arbitration to 'grow further'
Field set to expand as more international parties seek to resolve disputes in Singapore
By Irene Tham
Law Minister K. Shanmugam said that international arbitration will continue to see growth and take Singapore 'beyond the demands of our limited domestic market'. -- PHOTO: BT
MORE parties to international disputes have sought arbitration here and this field has been lucrative for Singapore.
So much so that it is expected to fuel Singapore legal services' next leap forward.
Saying this yesterday, Law Minister K. Shanmugam added that international arbitration will continue to see growth and take Singapore 'beyond the demands of our limited domestic market'.
He was speaking at the Singapore Legal Forum 2010, to about 200 students studying overseas and here.
The cases dealt with by the Singapore International Arbitration Centre (SIAC) almost tripled in the last seven to eight years to 160 last year, he said. Over 70 per cent were international.
Disputes involved shipping and maritime, corporate and insurance, and construction and engineering matters.
Read the full story in The Sunday Times.
[email protected]
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_572310.html

Aug 29, 2010
Arbitration to 'grow further'
Field set to expand as more international parties seek to resolve disputes in Singapore
By Irene Tham
Law Minister K. Shanmugam said that international arbitration will continue to see growth and take Singapore 'beyond the demands of our limited domestic market'. -- PHOTO: BT
MORE parties to international disputes have sought arbitration here and this field has been lucrative for Singapore.
So much so that it is expected to fuel Singapore legal services' next leap forward.
Saying this yesterday, Law Minister K. Shanmugam added that international arbitration will continue to see growth and take Singapore 'beyond the demands of our limited domestic market'.
He was speaking at the Singapore Legal Forum 2010, to about 200 students studying overseas and here.
The cases dealt with by the Singapore International Arbitration Centre (SIAC) almost tripled in the last seven to eight years to 160 last year, he said. Over 70 per cent were international.
Disputes involved shipping and maritime, corporate and insurance, and construction and engineering matters.
Read the full story in The Sunday Times.
[email protected]