Singapore’s success as an international arbitration hub depends on factors, including its robust legal system, effective infrastructure and a judiciary supportive of arbitration.
The Maxwell Chambers will augment Singapore’s reputation as a premier arbitration venue in the region, said SM Jayakumar.
Maxwell facilities & features
Maxwell Chambers was designed to be the world’s first integrated dispute resolution complex. As you will no doubt see for yourselves, it has best-in-class hearing room facilities and services. With this facility, Singapore is now poised to become a place where every facet of the arbitration process is taken care of to the satisfaction of the users.
This is especially important for big international cases, where the duration of the case tends to be long and the number of counsel and parties involved much greater. Proper hearing room facilities go a long way for such cases.
To date, Maxwell Chambers has had more than 60 arbitration hearings, both local and international cases. Arbitrators and counsel from around Asia, and as far as Australia and the United Kingdom, have used the facility.
Singapore as an international arbitration hub
We will be deluding ourselves, however, if we believe that excellent physical facilities and infrastructure alone will ensure success in making Singapore an international arbitration hub.
It depends on many other factors which Singapore already has to its advantage, but which we must continue to nurture and not take for granted.
- First, we have a robust legal system and effective arbitration infrastructure, as well as a judiciary that is understanding and supportive of arbitration.
- Second, we have a well-developed business infrastructure and good connectivity by air to countries all over the world.
- Third, we have a strong pool of lawyers who are skilled in arbitration work, as well as international arbitrators of international repute.
via Singapore Looks To Be International Arbitration Hub | Gov Monitor.
