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Legal Briefing
Singapore arbitration authority publishes 2010 statistical report
Practice Area: Arbitration
Sector: Business services
Jurisdiction: Singapore
Published: 07 April 2011
Law Firm: Herbert Smith
Overview
SIAC has published a statistical report covering 2010. The Centre handled 198 cases in 2010, up from 160 in 2009. Of these, 88 were administered by SIAC.
The total amount claimed across all cases was S$1.35bn, down slightly from S$1.54bn in 2009 and S$1.6bn in 2008.
The largest number of cases handled was in the trade/commercial sector (105 cases compared with 53 in 2009). A dramatic increase which undoubtedly reflects the difficult worldwide market conditions of 2008 and 2009.
To read Herbert Smith’s update, click View Briefing.
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