The Singapore International Mediation Centre (SIMC) and The Hague Court of Arbitration for Aviation (Hague CAA) have recently entered into a significant partnership. Both parties signed a memorandum of understanding that seeks to promote the facilitation and adoption of mediation in aviation-related disputes throughout Asia. The agreement, which was signed at the Singapore Airshow, denotes the first specialized mediation framework for the aviation sector in Asia.
Singapore’s ambition in becoming the preferred dispute resolution hub in Asia is further echoed by this recent development. The nation hopes to leverage the advantages and conveniences offered by specialized mediation, particularly in the rapidly evolving and complex field of aviation.
For further details, please refer to the original report here.