The Singapore International Mediation Centre is implementing an expedited mediation process with lower costs for the rest of the year to help businesses ease dispute resolution burdens during the novel coronavirus pandemic.
Under the new COVID-19 protocol, parties start a mediation process within 10 working days after filing a request with an initial S$250 (US$175) fee. The SIMC has implemented a new scale of case fees for disputes based on their values. For disputes with a value below S$1 million (US$700,000), each party will pay S$3,000, which includes fees to mediators. Rates increase incrementally for disputes with a higher dollar value. For cases valued over S$5 million, the organization charges up to S$10,000 in fees.
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