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Clifford Chance

Clifford Chance
Briefings

Briefings

The Singapore International Commercial ‎Court – A Masterstroke

17 December 2013

On January 4 2013, Chief Justice Sundaresh Menon of the Supreme Court ‎of Singapore announced at the Opening of the Legal Year plans to establish ‎the Singapore International Commercial Court (SICC). On 29 November, ‎barely 11 months after that announcement, the SICC Committee, comprising ‎senior Judges, government officials and Singaporean and international ‎jurists, submitted its report to the Singapore Government, which has ‎welcomed the Committee's recommendations. In a word, the proposed SICC ‎is a masterstroke. The idea is at once bold, visionary and entrepreneurial.‎


The rationale behind the proposal is compelling, given significantly increased cross-border investment and trade into ‎and between the Asian economies. Singapore, with its well developed legal system, world class infrastructure and ‎‎"trusted hub status", is ideally positioned to become Asia's premier dispute resolution hub to handle the expected ‎growth in complex, high value, multi-jurisdictional commercial and investment disputes.‎

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