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New Arbitration initiatives in Singapore
Practical Law Legal Update 1-381-2977 (Approx. 3 pages)
New Arbitration initiatives in Singapore
by PLC Dispute Resolution
| Published on 15 Apr 2008 • International, Singapore |
The Singapore Ministry of Law has been embarking on various initiatives to grow the arbitration industry in Singapore. They include the development of an integrated dispute resolution complex and the establishment of international arbitral institutions in Singapore, such as the American Arbitration Association and the Permanent Court of Arbitration.
Two further initiatives have now been announced. These are:
- A tax incentive for law practices carrying out international arbitration work with hearings in Singapore.
- A work pass exemption for those entering Singapore for arbitration and mediation services.Arbitration and mediation work can now be performed whilst holding a Social Visit Pass which does not require any application in advance and will be granted on entry at immigration. An online form must also be completed once in Singapore.
For more information on the incentive, contact [email protected] or [email protected].
For more information on the work pass exemption, see the Ministry of Manpower website.
Source: SIAC