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» International arbitration
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» Enforcing an arbitration award
In recent years, Singapore has emerged as a leading centre for international commercial arbitration.
Its strengths include the following :-
- Central geographical location
- World-class infrastructure and communication facilities
- National courts with considerable expertise in arbitration law
- Stable political environment
- Pro-arbitration policy
- Perceived by both East and West to be a neutral dispute-resolution venue.
Arbitration has various benefits over litigation in court :-
- Confidentiality in relation to the dispute and the outcome
- Ability to choose the arbitrator e.g. an expert in the field
- Usually less acrimonious
- No necessity to follow strict rules of evidence
- Parties can agree on their own procedure and timelines
- Although Discovery of documents is common, it is not mandatory and often not as far-reaching as in litigation
- Enforceability of arbitral awards under the New York Convention 1958 (over 140 countries are parties) as opposed to the non-enforceability of Singapore court judgments in many countries.
- Potential to recover a higher proportion of the winning party's legal costs (as compared with litigation in court)
To contact us about an arbitration in Singapore or in any other country, please click here.
For information on our experience in Dispute Resolution and International Arbitration, please click here.
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