Singapore – SIAC Is Most Preferred Arbitral Institution In Asia-Pacific And 2nd In The World.

 

11 May 2021

 

 

The Singapore International Arbitration Centre (SIAC) is pleased to announce that in the latest Queen Mary University of London and White & Case International Arbitration Survey (QMUL Survey) released on 6 May 2021, SIAC ranked as the most preferred arbitral institution in Asia-Pacific, and 2nd among the world’s top 5 arbitral institutions.

 

The QMUL Survey is one of the most prestigious International Arbitration surveys in the market. This year’s survey saw the “widest-ever pool of respondents”, with findings based on the questionnaire responses of 1218 participants, including in-house counsel from both public and private sectors, private practitioners, arbitrators, representatives of arbitral institutions and trade associations, academics, experts and third-party funders. 198 interviews were also conducted.

 

Singapore jointly ranked with London as the most popular seat in the world, ahead of Hong Kong, Paris and Geneva, and as the most preferred seat in Asia-Pacific.

 

Gary Born, President of the SIAC Court of Arbitration, commented, “The QMUL Survey confirms that both Singapore and SIAC are at the top of the list of forums for resolving international disputes. The results are exceptional and SIAC is grateful to its users for their trust and confidence. SIAC will continue to enhance and innovate its services in order better to serve our increasingly diverse and global users.”

 

Mr Davinder Singh, SC, Chairman of SIAC, said, “We are very grateful to the international community for their trust in Singapore and SIAC.”

 

Ms Lim Seok Hui, CEO of SIAC, added, “We are delighted with these milestone achievements, which cement Singapore and SIAC’s status as a top arbitral seat and a premier global arbitral institution. We thank our valued users around the world for the trust they place in us.”