Singapore plans to launch international commercial court

February 18, 2014 Singapore has big plans to launch an international commercial court and mediation centre, building on the success of its arbitration court with a plan to become Asia’s legal hub and take more legal business from rival cities like London and Hong Kong.

"Among the leading cities for dispute resolution, some are resting on their laurels and others are trying increase their attractiveness to parties - Singapore leads the pack in the latter category," said Michael McIlwrath, senior litigation counsel for GE Oil & Gas, who is based in Florence, Italy.
 
Legal service revenues in Asia Pacific are forecast to grow to $121 billion by 2016, up 40 percent over 2011 levels, according to research firm MarketLine.

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