Singapore aspires to retain its place as a trusted arbitration hub for commercial parties all around the world. The recently proposed amendments to the International Arbitration Act seek to bring Singapore closer to meeting international standards in relation to the arbitration procedure. While the initiative should be applauded, those amendments relating to interim measures fall somewhat short of expectations of a new, broader framework of curial assistance in aid of arbitration. This article explores the uncertainties that could arise from the proposed amendments, either because of phrasing or of an omission to embrace the Model Law. It is hoped that Parliament will not wait too long to address these uncertainties which go against the grain of promoting Singapore as the ideal centre for arbitration.
Dispute Resolution and Arbitration | Law
MOHAN, Mahdev and Tay, Eu-Yen.
THE NEW INTERNATIONAL ARBITRATION (AMENDMENT) - A Broader Framework for Interim Relief or Just a Tune-up?. (2010). Asian Business & Rule of Law initiative.
Available at: http://ink.library.smu.edu.sg/sol_aprl/2