ICC arbitration court boosts Singapore chapter with secretariat, as India makes up 19% of Asian disputes (behind Korea, ahead of China)

Wednesday, 25 April 2018 By Legally India Bar, Bench & Litigation

ICC sets up in SIAC stronghold Singapore (and in same building)
ICC sets up in SIAC stronghold Singapore (and in same building)

The International Chamber of Commerce (ICC) International Court of Arbitration (ICA) has ramped up its Asia presence, opening a secretariat - primarily concerned with case management - in Singapore, in a bid to continue boosting its Asia footprint.

The case management team is to handle “cases in real time, to better serve the dispute resolution needs of users in Singapore adn the wider region”, according to its press release.

The secretariat was set up via a memorandum of understanding (MOU) with Singapore’s Ministry of Law, signed in June 2017.

It opened on 23 April in Maxwell Chambers, where the ICC’s Asia Regional Office is also based, as well as the Singapore International Arbitration Centre (SIAC) headquarters.

This is ICA’s second case management team in Asia (after having opened in Hong Kong in 2008) and the fourth outside of the ICC’s headquarters in Paris.

According to the ICC’s press release:

Singapore was chosen in 38 of 79 new cases seated in South and East Asia, moving up from 6 th to 5 th most popular place of ICC Arbitration following France (121), Switzerland (90), the United Kingdom (73) and the United States (51).

In the South and East Asia region, Singapore accounted for close to 8% of all parties represented in an ICC arbitration, following Korea (20%) India (19%) and China (16%).

The ICC has been focusing heavily on India, having promoted Indian lawyer and deputy counsel Abhinav Bhushan as its South Asia director in 2016, and former London Court of International Arbitration (LCIA) India director and registrar as ICC India vice-chair in November of last year.

arbitrationInternational Chamber of Commerce (ICC)International Court of Arbitration (ICA)Singapore

Comments

Guest 25 Apr 2018, 12:40
+10 -22
No one uses icc clauses in India anymore. It’s siac all the way.
Question 25 Apr 2018, 13:28
+1 -6
Who is that dog [...]
Question Hour 25 Apr 2018, 15:10
+2 -0
I dont have any experience in Arbitration but if I want to start in this field though very late how do I do it?

Kian do you have a Career Guidance Cell?
Moby 26 Apr 2018, 09:34
+0 -3
Go to Paris.
LegallyYours 26 Apr 2018, 10:54
+5 -0
You may want to reach out to the ICC YAF
Smell the coffee 26 Apr 2018, 08:00
+2 -4
ICC shouldn't waste its time on India. Focus on Europe. Indian parties are not interested in ICC.
Guest User 26 Apr 2018, 10:41
+5 -1
My clients are happy to see the ICC expanding its presence throughout South Asia and to have greater access to a reputable institution when they need to enforce the award in countries outside the Region
damn 26 Apr 2018, 12:42
+2 -3
Pray tell how ICC, or any other institution for that matter, is going to help enforce an award?
Asia Asia Asia 26 Apr 2018, 12:43
+1 -0
[quote]This is Asia’s second case management team in Asia[/quote]

Go Asia!
kianganz 26 Apr 2018, 12:45
+3 -0
Oops. Thanks :)
Good move 26 Apr 2018, 15:30
+1 -5
Now this is a classic example of advertising. Kian - what is this?
ICC is certainly good but others are way ahead.
Shame 27 Apr 2018, 06:50
+1 -5
Kian, do you get paid by Abhinav Bhushan to put out these puff pieces? Until yesterday, there were a few comments on this page jokingly referring to him as "Bhush" and pulling his leg [...]. You deleted these comments today without explanation. As a long time reader of LI, I have never seen you do that and people frequently write much worse than what was said here about him. You really are no better than the rest of them--shame on you!
kianganz 27 Apr 2018, 07:12
+4 -1
There there, no need to bring out the shame guns :). First off, regarding the article, we generally report on all big arbitral institutions such as SIAC, LCIA, etc, when they have news relating to India.

ICC is definitely behind SIAC, but they are clearly trying hard to grow in Asia, which I think is interesting and worth reporting on.

Regarding comment moderations, we have the "Report to LI" button next to each comment. If you press it, and provide a cogent reason for why a comment is objectionable, we generally remove it (in this case on the grounds that you should "be nice to other readers and humans", as mentioned in each comments box amongst other community guidelines).

Such comments, while they certainly could be seen as amusing, could also be taken as more offensive, depending on where you stand. In borderline cases such as these where there is no major public interest served in them, we generally remove them if reported.

Hope that clarifies.
Moby 27 Apr 2018, 08:47
+1 -4
This is an amb(h)ush for LI readers, Kian. Those comments were all in good humour (a public interest sub-set).
Guest 28 Apr 2018, 04:28
+1 -4
[...] Besides, the ICC has lost the plot and seems to be investing in markets where there is clearly no interest to use icc clauses.
Commenting is closed for this article.