Singapore Arbitration Centre to open India office

  1. The Singapore International Arbitration Centre (SIAC) will establish a representative office at the Gujarat International Finance Tec-City (GIFT City)
  2. Aim: To resolve international commercial disputes
  3. As per the the agreement, GIFTCL, GIFT SEZ and SIAC will collaborate to promote the use of arbitration, mediation and other dispute resolution mechanisms
  4. It also includes the innovative ‘Arb-Med-Arb’ service offered by the SIAC and the Singapore International Mediation Centre (SIMC)
  5. Further, SIAC will establish a representative office at GIFT City to promote its international arbitration services to Indian users
  6. Indian parties are among the top five foreign users of SIAC in the last five years & India was the top foreign user of SIAC in 2013 and 2015
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