The Case for Alternate Dispute Resolution in Singapore

In the case of legal disputes, litigation can be costly, confrontational, and take years to complete. Today more than ever, businesses are more likely to operate on a global scale, and are increasingly partial to alternative dispute resolution (ADR) processes. ADR can result in quicker, non-adversarial outcomes that are enforceable in multiple jurisdictions. The use of ADR has been on the rise, particularly in Asia, with its maturing markets and growing sophistication of businesses.

Singapore Ushers in the Asian Century

Many South-east Asian countries are blessed with an abundance of natural resources. Singapore has positioned itself as one of the region’s largest commodity trading hubs offering tax-friendly incentives, transparent financial and legal sectors, excellent infrastructure and a skilled workforce. These factors have enabled Singapore to become an attractive destination for multinational companies’ regional headquarters.