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The panellists targeted next on stays, anti-suit injunctions and court docket-ordered interim aid, as well as notable features of emergency arbitrator proceedings.
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In each business relationship there may be the potential for conflict over contractual agreements or business operations. Ms Seok Hui Lim (CEO, SIAC) opened the session, reporting that Korean parties are one of many top ten customers of SIAC and that there are currently two members of the SIAC Court of Arbitration who are primarily based in Korea. Nevertheless, most other disputes that contain non-public rights between two events will be resolved utilizing arbitration.
The Singapore International Arbitration Centre (SIAC) is happy to announce that it has entered right into a Memorandum of Understanding (MOU) with the New York International Arbitration Heart (NYIAC) to promote international arbitration as a most popular methodology of dispute resolution for resolving worldwide disputes.
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