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Home > Country profiles > Singapore > Articles > Article detail

Belt and Road: Singapores rise in dispute resolution

Wednesday, 6th December 2018

"Whilst China has been working on launching its Belt and Road initiative, the immensely ambitious undertaking of construction and infrastructure projects set to span over 60 countries, Singapore has been working on improving its own infrastructure. With the guiding hand of its government and state incentives, the country has transformed itself into a global state-of-the-art legal hub. The two are now perfectly poised to benefit one another, not least from a legal perspective, where Singapore’s rise in dispute resolution has seen it emerge as the preferred seat in the region. 

This was stated in the recent Queen Mary 2018 International Arbitration Survey report which ranked the Singapore International Arbitration Centre as the third leading seat in the world after London and Paris. That places it as the highest ranked in the ASEAN region, ahead of the International Chamber of Commerce (ICC), and the Hong Kong International Arbitration Commerce (HKIAC). Should things continue, and the Belt and Road initiative proceed as planned, SIAC‘s role could be significant in resolving the disputes that inevitably arise."

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Language: English
Contact: Quentin Pak

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