For global enterprises to resolve intellectual property and technology disputes around the world, Singapore is a place to rely on, and has its unique advantages and status - a few days ago, the Intellectual Property Office of Singapore IPOS released the latest progress on intellectual property rights in Singapore
8 Reasons to Choose Singapore as a Dispute Resolution Location
1. A trustworthy legal system
Neutral, transparent and stable laws have always been a symbol of Singapore's trustworthiness
Quality judgments and awards with strong enforcement
2. A strong intellectual property system
Singapore consistently ranks high in innovation
The 2021 Global Innovation Index ranks No. 2 in the Asia-Pacific region and No. 8 globally
Ranked 2nd in the 2021 Bloomberg Innovation Index
3. Numerous reliable intellectual property experts
The Supreme Court of Singapore has a large number of intellectual property judges.
Singapore is the only dispute resolution center established by WIPO outside of Geneva, and has many arbitrators, mediators and professional neutral experts in the field of intellectual property and technology in the arbitration and mediation center expert group.
4. Perfect intellectual property dispute resolution mechanism
Singapore has the Singapore International Commercial Court (SICC), the Singapore International Arbitration Center (SIAC), and the Singapore International Mediation Center (SIMC).
5. An open and transparent international litigation, arbitration and mediation system
Foreign lawyers can register as parties to the Singapore International Commercial Court.
Both the plaintiff and the defendant are free to employ lawyers and arbitrators of any nationality and use any applicable laws in Singapore.
The parties are free to hire mediators of any nationality for mediation.
6. Intellectual Property Insurance
Both the plaintiff and the defendant can purchase intellectual property insurance for infringement lawsuits related to intellectual property rights, as well as disputes between the licensor and the licensee.
7. Rich dispute resolution practice
Singapore is home to a large number of top global law firms.
8. World-class infrastructure
Maxwell Chambers, owned by Singapore, is the world's first comprehensive dispute settlement institution, with the world's most advanced electronic audio-visual equipment.
4 Unique Advantages You Can Litigate
1. A mechanism designed to resolve international technical disputes
The Singapore International Commercial Court SICC was established to deal with international technical disputes, and is equipped with specialized technology, infrastructure and construction (TIC) experts. The procedures are flexible and can be tailored to the parties, and are suitable for resolving complex technical disputes.
2. Jurisdiction over Intellectual Property Disputes
The Singapore International Commercial Court (SICC) can hear individual intellectual property disputes.
3. Have senior expert judges
The Singapore International Commercial Court SICC has international expert judges and local expert judges in Singapore.
4. The High Court of Singapore has IP/IT experts
Singapore has eight expert judges who hear intellectual property and information technology cases in the High Court.
3 Unique Arbitration Advantages
1. The most popular arbitration seat in the world
Singapore is tied with London, England as the most popular arbitration seat in the world, and the Singapore International Arbitration Commission is the second most popular arbitration institution in the world.
2. Arbitration and enforcement can be chosen for intellectual property disputes
Singapore's 1994 International Arbitration Act and 2001 National Arbitration Act provide legal support for intellectual property disputes.
3. Arbitration results can be enforced in more than 160 countries around the world
Singapore is a party to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
3 Advanced Mediation Advantages
1. First-class international mediation services
With a team of experienced and effective local and international mediators with intellectual property expertise, the Singapore International Mediation Center (SIMC) provides professional dispute resolution services to meet the changing needs of businesses.
2. Mediation Act 2017
The Singapore Mediation Act 2017 provides an expedited mechanism for parties to enforce mediated settlement agreements by recording the settlement agreement as a court order.
3. "Singapore Mediation Convention" and "Singapore Mediation Law Convention 2020"
4 Additional Advantages of Arbitrating in Singapore
1. Extensive professional advantages
The parties can choose arbitrators, mediators and consultants from anywhere in the world.
2. Tax exemption
Arbitration and mediation services provided in Singapore are exempt from withholding tax for non-resident arbitrators and mediators.
3. Work visa exemption
Non-resident arbitrators and mediators who provide arbitration and mediation services in Singapore are entitled to work visa-free for up to 90 days a year.
4. Arb-Med-Arb Agreement
The SIAC-SIMC Arb-Med-Arb Agreement is a unique hybrid procedure attempted by the parties to initiate mediation following arbitration proceedings. If the parties settle, their settlement may be recorded as an enforceable award under the New York Convention.
