The Singapore International Arbitration Centre (SIAC) is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with China Council for the Promotion of International Trade Ningbo Committee (CCPIT Ningbo Committee) yesterday to promote international arbitration as a preferred method of dispute resolution for resolving international disputes.
Under the MOU, SIAC and the CCPIT Ningbo Committee will conduct mutual visits and exchanges, and jointly organise conferences, seminars, workshops or other events on international arbitration in Ningbo to promote international arbitration. The cooperation also includes recommending SIAC’s high-quality international arbitration services to relevant enterprises and institutions in Ningbo, and conducting exchanges and cooperation with Ningbo commercial mediation and arbitration institutions in related fields.
The Press Release may be read in full here.