2014 Singapore Launch of the ICC Mediation Rules
The new ICC Rules of Mediation were launched today in Singapore at a conference attended by around 120 mediators, lawyers, academics and in-house counsel seeking to learn more about the ICC Rules, as well as best practices in international commercial mediation in the region.
The conference included a panel on “Why Mediate? Mediation’s relevance to business in Southeast Asia” which included representatives from both the government sector as well as the business sector, as well as a panel on “Conduct of mediation proceedings: Avoiding and overcoming hurdles, dealing with confidentiality” which featured two renowned international mediators, from Singapore and New Zealand, who shared their perspectives on the challenges they typically face when mediating international disputes and how the provisions of the new ICC Rules could be used to overcome these challenges.
The event was graced by Dr Beh Swan Gin, the Permanent Secretary of the Ministry of Law, Singapore, who delivered the opening remarks. Dr Beh observed that the ICC International Centre for ADR has mediated cases worldwide involving more than 70 nationalities since 2001 and that over 75% of the cases transferred to the mediator has concluded with settlement. Dr Beh remarked, “Like ICC, we [Singapore] are seeing a growing interest in mediation for resolving commercial disputes. After all, at the heart of each dispute, is often a relationship that parties value and want to preserve. Mediation provides an opportunity for parties to look for win-win solutions. The launch of ICC’s new Mediation Rules 2014 is thus timely.”
Veronica Lai, General Counsel and Company Secretary for StarHub Ltd said “If an external lawyer recommends mediation to us as part of the plethora of dispute resolution options available [to our organisation], and it is an appropriate remedy, from a user’s perspective, I would consider that as added-value to their legal advisory. I would engage the same firm again, because they look after the best interests of their client.”
Over the course of the next two weeks, ICC Dispute Resolution Services will be organizing a series of events across Asia and Australia to launch the new Rules in the region.
See the details on ICC Mediation, including the Rules, on ICC Mediation.