The Singapore International Arbitration Centre (SIAC) is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with the Suzhou Industrial Park Administrative Committee (SIP) today to promote international arbitration as a preferred method of dispute resolution for resolving international disputes.
Under the MOU, SIAC and SIP will work together to jointly promote international arbitration to companies, businesses and investors in Suzhou for the resolution of their cross-border disputes. Further, the parties will set up the SIAC Suzhou (Arbitration) Working Group to exchange information and ideas on the development of international arbitration, and to discuss existing and potential avenues for collaboration to promote international arbitration. Upon SIP’s request, SIAC will share information on trends and experiences relating to international arbitration with SIP from time to time.
The Press Release may be read in full here.
Please click here for the Chinese translation.