New arbitration centre
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At the Singapore International Arbitration Centre (SIAC) Mumbai launch, Singapore's senior Minister of State for Law and Education, Indranee Rajah, said that India’s growing economy would lead to more disputes which in turn would increase arbitration.
She added that Singapore had ‘made better efforts to develop Singapore as a venue for international arbitration.'
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According to Singapore Law Watch, the centre has attracted 49 arbitrations from India between 2009 and 2011.
Amarchand & Mangaldas & Suresh A Shroff & Co partner Pallavi Shroff will head up the Mumbai office. SIAC is also looking at expanding into Seoul and the Middle East.
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