The Singapore International Arbitration Center has opened its first overseas office in Mumbai.
In a speech marking the opening in Mumbai on April 27, Singapore’s junior law and education minister Indranee Rajah said the Indian city’s role as the country’s business and financial capital were key to SIAC’s decision to open there. The office is intended to market Singapore as the ideal place to resolve disputes involving Indian parties.
"We hope that your companies, your counsel and your arbitrators will see Singapore as a choice venue for arbitration," Rajah said. "And of course, SIAC on the ground here is well positioned and in place to assist in that connection," she added.
Singapore has touted itself as a center for legal practice focusing on India, which bars foreign firms from having offices there. India has been a top source of arbitrations for the SIAC, according to the center’s statistics. Between 2009 and 2011, the number of cases from India jumped to 49 from 24.
Amarchand & Mangaldas & Suresh A. Shroff & Co. partner Pallavi Shroff will serve as director of the Mumbai office.
The SIAC has also said it plans to open similar offices in Seoul and in the Middle East.