The Singapore International Arbitration Centre (SIAC) has opened its first representative office outside of Asia, in New York, on 3 December. It also announced a record-breaking caseload with more than 1,000 cases in total in the year to October 2020, more than double the annual caseload of about 400 in each of the past few years.
The SIAC’s counsel, Adriana Uson, will lead the new office, which is the fifth overseas. It reinforces the SIAC’s popularity in the US, which has topped its foreign users since 2018. More than 500 US parties arbitrated their disputes under the SIAC rules in 2020.
“This is a special moment in SIAC’s history,” said Lim Seok Hui, CEO of SIAC. “The opening of our New York office, coupled with the crossing of the symbolic 1,000-case threshold and a record number of US parties at SIAC, will firmly motivate us to do better. We thank our users from all over the world for the trust they have placed, and continue to place, in us.”
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