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Singapore Int'l Arbitration Centre opens office in Gift Cty

Press Trust of India  |  Mumbai 

The country's first international centre GiftCity in today said the International Arbitration Centre (Siac) has opened a representative office at its facility, making it the second such office for the Singaporean dispute resolution centre.

Indian parties have consistently ranked amongst the top three foreign users of SIAC in the last five years, and were the top foreign user of SIAC in 2013, 2015 and 2016.

Gift City chief Pandey said, "We believe Siac will provide a neutral and independent dispute resolution platform to parties, thereby enabling them to undertake large international financial transactions from the IFSC.

"With increasing participation by international and domestic parties in IFSC, an international dispute resolution mechanism will be useful in making the IFSC a global financial hub along the lines of London, Dubai, Hong Kong, and New York.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 10 2017. 21:57 IST