Tag Archives: Singapore
New convention on the enforcement of mediation settlement agreements approved
On 26 June, at the 51st session of UNCITRAL, final drafts for a Convention on the Enforcement of Mediation Settlements and corresponding Model Law were approved. This paves the way for adoption by UNCITRAL’s Commission later this year. It is … Continue reading
Filed under ADR, Enforcement, Mediation (General), Singapore
Singapore’s first cryptocurrency dispute to go to trial
There has been a significant increase in interest in, and the use of, cryptocurrencies in recent times. Cryptocurrencies are essentially de-centralised virtual currencies, which are not linked to any particular country, nor regulated by any central bank or monetary authority. … Continue reading
Filed under Singapore, South East Asia
Forum Election, Forum Non Conveniens and the Singapore International Commercial Courts
In its recent decision in Rappo v. Accent Delight International Ltd and another [2017] SGCA 27, the Singapore Court of Appeal considered the distinction and relationship between the doctrines of forum election and forum non conveniens. Notably, the Court also … Continue reading
Filed under Jurisdiction, South East Asia
Wikileaked? Singapore Court upholds privilege over hacked documents
In the recent decision of Wee Shuo Woon v HT S.R.L [2017] SGCA 23, the Court of Appeal considered whether evidence which had been made available on WikiLeaks as a result of the Respondent's ("HT S.R.L."') computer systems being hacked … Continue reading
Filed under ADR, Data protection
Singapore Court of Appeal confirms the validity of “unilateral option to arbitrate” clauses
In the recent decision of Wilson Taylor Asia Pacific Pte Ltd v Dyna-Jet Pte Ltd [2017] SGCA 32, the Singapore Court of Appeal confirmed that the Singapore courts will enforce a dispute resolution clause which gives only one party the … Continue reading
Filed under South East Asia
PRC court recognises and enforces a Singapore High Court judgment based on reciprocity principle
The Nanjing Intermediate People's Court in Jiangsu Province, China ("Nanjing Court") recently issued a ruling recognising and enforcing a default judgment granted by the High Court of Singapore ("Singapore Judgment") based on the reciprocity principle. Although permitted under the PRC … Continue reading
Filed under China, Enforcement
Singapore and Delaware courts adopt Guidelines for Communication and Cooperation between Courts in Cross-Border Insolvency matters
On 1 February 2017, the Supreme Court of Singapore and the United States Bankruptcy Court for the District of Delaware announced that they will formally implement the Guidelines for Communication and Cooperation between Courts in Cross-border Insolvency Matters ("Guidelines"). … Continue reading
Filed under Insolvency, South East Asia
Singapore: SGX reprimands oilfield services firm for failure to provide a balanced and fair announcement to the market
The Singapore Exchange (SGX) issued a public reprimand to Swiber Holdings Limited (Swiber), an oilfield services firm, on 31 October 2016 (Regulatory Announcement) for failing to provide a balanced and fair project announcement to the market. SGX was of the … Continue reading
Filed under Financial Services Regulation
Family dispute over the setting-up of a trust rejected because plaintiff consented to the trust at the time of establishment
In a recent case, the Singapore High Court has held that a plaintiff's agreement to the setting-up of a trust to protect a family's wealth (including the assets of a deceased family member) was a valid defence for a defendant … Continue reading
Filed under Private wealth and trusts
Singapore update: litigation funding moves a step closer and new legislation proposed to give force to settlement agreements made through mediation
Last week saw two important and novel pieces of legislation related to dispute resolution put before the Singapore Parliament. The first is a bill to amend current legislation to permit third party funding in international arbitration and related litigation. The … Continue reading
Filed under ADR, Arbitration