The Singapore International Commercial Court is set to hear the first cryptocurrency case to come to the courts in Singapore in July 2018.
Singapore’s aim is to become a regional and global hub for cross-border disputes. Nevertheless, the establishment of the Singapore International Commercial Court (SICC) does not represent a shortcut for parties, who must continue to justify Singapore as an appropriate forum for the resolution of their international business disputes.
The Hague Convention on Choice of Court Agreements (2005) will apply to Singapore from 1 October 2016, further bolstering Singapore’s position as a dispute resolution hub in Asia.
A note on the methods of enforcement of SICC judgments in foreign states.
The SICC has recently confirmed the proper construction of the “offshore case” requirements under the Rules of Court, which facilitates representation by foreign lawyers in litigation before the Court.