Singapore Chamber of Maritime Arbitration (SCMA) and Singapore International Mediation Center (SIMC) establish SCMA-SIMC Maritime Mediation Committee to strengthen the city-state’s position as a leading hub for maritime and global trade dispute resolution did.
Thirteen experts from various countries, including China, Denmark, Malaysia, Singapore, the United Kingdom and the United States, were appointed to form the first joint committee. This joint effort aims to streamline the appointment of qualified mediators for the resolution of maritime and maritime disputes, while also advocating for broader adoption of commercial mediation within the maritime industry. is.
SIMC Chairman George Lim said: “Regardless of where the parties come from, mediation provides a quick and inexpensive way to resolve disputes, allowing them to focus on their business.”
SIMC is known for its cross-border mediation expertise, with most cases resolved in one day and a settlement rate of over 70%.
SCMA Chairman Chao Hick Tin said: “Maritime and international trade disputes are complex and quantum evolving. We look forward to a fair, comprehensive and cost-effective ADR process.”
The 13 panel members include Winston Quek, Bazur Ashhab, Christopher Lau, Prem Gurbani, Lee Wai Peng and Chan Leng Sun.