Businesses today increasingly operate in an international context. When disputes arise, many prefer less adversarial alternative dispute resolution (ADR) processes to litigation.
Arbitration and/or Mediation can bring about win-win outcomes that are enforceable in multiple jurisdictions. In Asia especially, with the maturing of markets and the growing sophistication of businesses, awareness and use of ADR has been rapidly rising.
Singapore, with its reputation for impartiality and integrity, world-class ADR institutions and outstanding dispute resolution professionals, is recognized as a preferred venue for ADR in Asia. According to the 2021 Queen Mary University of London and White & Case International Arbitration Survey, Singapore was tied for first place as the top seat of arbitration in the world, and the most preferred seat of arbitration in the Asia-Pacific region.
Singapore is also a signatory to the United Nations Convention on International Settlement Agreements Resulting from Mediation. Now known as the Singapore Convention on Mediation, the Convention will facilitate international trade and commerce by rendering mediation an additional dispute resolution option, alongside litigation and arbitration in settling cross-border disputes.
Housing top international ADR institutions under one roof and providing best-of-class hearing facilities and support services, Maxwell Chambers promises a one-stop, full shop experience for all our clients.
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