Singapore International Commercial Court to rule on international commercial arbitration

SINGAPORE - The Singapore Parliament has passed amendments relating to the Singapore International Commercial Court (SICC). The Supreme Court of Judicature (Amendment) Bill (No. 47/2017) principally aims to: (1) clarify the extent of the SICC's jurisdiction; and (2) streamline the SICC's procedures, says a Client Alert from lawyers BakerMcKenzie.

The SICC was established in 2015 as a division of the High Court to decide international commercial disputes (including those governed by foreign law with only tenuous connections to Singapore.

In its first three years, the SICC has heard 17 cases, which raise diverse issues and involve parties from various jurisdictions.
“The latest amendments, together with the strategic expansion of the SICC bench (to include four new eminent international jurists from Australia, Canada and England), anchor the SICC's reputation as a neutral venue for international and commercial litigants and underpin Singapore's ongoing endeavour to become a leading centre for the resolution of international commercial disputes,” Baker McKenzie says.  www.bakermckenziecom (ATI).