ICC Singapore Arbitration Group to raise Singapore’s profile in international arbitration and dispute resolution
- As part of its broader aim to promote the Singapore business community’s interests through the International Chamber of Commerce (ICC), and in its role as the National Committee for ICC in Singapore, SBF has established the ICC Singapore Arbitration Group.
- Anticipated to raise Singapore’s profile as a hub for international arbitration and dispute resolution, the Group aims to (i) represent the Singapore business community in support of the work of the ICC Commission on Arbitration and Amicable Dispute Resolution Services (ADR); (ii) promote ICC arbitration and other ICC Dispute Resolution Services in the region; and (iii) further develop the expertise of the regional dispute resolution community through capacity building activities.
This announcement marks a milestone for Singapore as it reinforces the country’s reputation as a gateway city for international trade and one of the most preferred seats of arbitration worldwide.
The ICC Singapore Arbitration Group will assemble a diverse array of domain experts – comprising locally based Singaporean and foreign arbitration practitioners, Singaporean arbitration practitioners based overseas, academics and corporate counsels – bringing wide-ranging skills and perspectives to address the topic of ICC Arbitration and Amicable Dispute Resolution Services (ADR).
The Group will work with the relevant stakeholders to:
- represent the Singapore business community in support of the work of the ICC Policy Commission on Arbitration and ADR,
- promote ICC arbitration and other Dispute Resolution Services in the region, and
- further develop the expertise of the regional dispute resolution community through capacity building activities.
The Chair and Vice-Chair of the Group will respectively be Ms Smitha Rajan Menon, Partner at WongPartnership LLP Singapore and Singapore representative to the ICC International Court of Arbitration, and Mr Andrew Yeo, Partner at Allen & Gledhill LLP. The Group will have a Core Committee that will actively set the agenda and drive the Group’s activities. The Group will also have a Selection Committee of Arbitrators that will be responsible for nominating arbitrators for ICC arbitration cases referred to ICC Singapore.
According to ICC arbitration figures released last week, regions where ICC maintains a case management office recorded growth for newly registered cases last year. The ICC Arbitration Case Management Office here, set up by ICC in April 2018, has already administered its first 100 cases.
Mr Ho Meng Kit, CEO of SBF, congratulated the ICC Arbitration Case Management Office in Singapore for its achievement, and expressed optimism for the growth of international arbitration and dispute resolution services here.
“Singapore continues to be one of the top ten places in the world for arbitration,” said Mr Ho. “SBF is proud to launch the ICC Singapore Arbitration Group, which will give a further boost to ICC arbitration here.”
Last year, Singapore was also ranked 11th in the list of number of arbitrators by nationality, with 35 Singaporean arbitrators having been confirmed or appointed to ICC arbitral tribunals.
“It is our hope that with the establishment of this Group, we can contribute to Singapore’s efforts to bolster our position as an international hub for commercial dispute resolution,” Mr Ho added.
Members of the ICC Singapore Arbitration Group can expect to participate in arbitration events and training sessions organised by ICC Singapore, as well as forge connections to an international network of arbitration experts and practitioners.
Chair of the Arbitration Group and Singapore court member in the ICC International Court of Arbitration, Ms Smitha Rajan Menon, stated that “The ICC brings a truly international platform and forward-looking ideology to the Singapore arbitration landscape, given its unstinting dedication towards diversity and nurturing young talent.”
She added: “In 2018, the ICC achieved full gender parity and unparalleled diversity in its Court of Arbitration, with more than half its members being below 50, 40% of the Court being between 41 and 50 and more than 15% being younger than 40. The development of younger practitioners is integral to sustaining long-term dynamic growth in international arbitration, and the ICC continues to ‘walk the talk’ in pursuing this.”
Individuals interested to find out more about the ICC Singapore Arbitration Group are encouraged to contact ICC Singapore at .