Singapore, China to set up international panel of mediators for Belt and Road projects
On 24 January 2019, the China-Singapore International Commercial Dispute Resolution Conference took place in Beijing to support the development of the Belt & Road Initiative (BRI) and advance China-Singapore cooperation in international commercial legal services. Organised by the China Council for the Promotion of International Trade (CCPIT) and the Singapore Ministry of Law, the organisation of the conference was supported by the CCPIT Legal Affairs Department, the CCPIT Mediation Centre, and Maxwell Chambers.
It was attended by around 250 government officials, legal and dispute resolution practitioners, in-house counsels and C-suite executives from Singapore and China.
The Conference also saw the signing of a Memorandum of Understanding between the Singapore International Mediation Centre and CCPIT to set up an international panel of mediators, to better handle disputes that may arise from projects under the multi-million dollar Belt and Road Initiative (BRI). The panel will comprise skilled and experienced dispute resolution professionals from China, Singapore and other countries involved in the BRI. The signing of the agreement was witnessed by Senior Minister of State for Law Mr Edwin Tong.
Photo Credit: Ministry of Law, Singapore