The conference took stock of Singapore’s maritime dispute resolution landscape. In recognition of our nation’s 50th anniversary, focus was directed on its evolution in the last 50 years, where the nation is headed and how SCMA could best position itself to benefit from these changes. The conference background was set against:
Asia’s economic growth
Asian strength in shipping
A default Asian arbitral seat for Singapore in BIMCO and NYPE forms
Attention was also paid to an undercapitalized shipping market responding to ADR mechanisms such as mediation and neutral evaluation as tools to achieve early and cost-efficient resolution of maritime disputes.
The conference also featured mock sessions on mediation and arbitration together with supporting panel discussions.