Sheppard Mullin Richter & Hampton LLP (JD Supra Singapore)
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The Singapore International Arbitration Center Opens Office in New York
The Singapore International Arbitration Centre (“SIAC”) opened its first office outside of Asia in New York on December 3, 2020. According to SIAC, US parties are consistently among the top foreign users of SIAC and in 2020 alone, over 500 US parties have arbitrated under SIAC’s Rules. According to SIAC’s 2019 Annual Report, U.S. was the fourth top foreign user of SIAC, coming after India,...
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Singapore Appoints Its First Ever Accountability Agent Under the CBPR System
On July 23, 2019, APEC issued a press release announcing Singapore’s appointment of the Infocomm Media Development Authority (IMDA) as its accountability agent. Singapore joined the APEC Cross-Border Privacy Rules (CBPR) system in March 2018 and is the third economy after the United States and Japan to operationalize the system.