Singapore has continued to develop as a global centre for international arbitration and dispute resolution in recent years, competing with older centres such as London, Paris and Geneva. A comprehensive survey on international arbitration in 2015 reports that Singapore is one of the five most preferred and widely used seats in the world and the most improved seat according to users worldwide. Statistics from the International Chamber of Commerce (ICC) confirm these findings; Singapore is the top choice of seat in Asia for all ICC arbitrations, and the fourth most preferred seat worldwide. In addition, the number of foreign parties that have chosen Singapore as an arbitral seat is on the rise.
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Originally published by Chambers and Partners
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