PLANS to set up an international court here by early next year to handle commercial cases were tabled in Parliament yesterday in a bid to turn Singapore into Asias No. 1 venue for dispute resolution. The Singapore International Commercial Court (SICC), as it will be called, will draw its judges from eminent international jurists and Supreme Court judges, and give local lawyers the chance to work on high-value cross-border disputes which otherwise would not have been heard here. Amendments that will introduce a new regulatory framework for the legal profession here were also read for the first time in Parliament. A new Legal Services Regulatory Authority, which will come under the Ministry of Law, will be set up to regulate all law firms and foreign lawyers, who will also be subject to the same disciplinary process as their local counterparts.
Posted on: Thu, 09 Oct 2014 03:11:59 +0000
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