The Singapore International Arbitration Centre (SIAC) is pleased to announce that it has entered into a Memorandum of Understanding (MOU) with the Thailand Arbitration Center (THAC) to promote international arbitration as a preferred method of dispute resolution for resolving international disputes.
Under the MOU, SIAC and THAC will co-organise conferences, seminars and workshops on international arbitration in Thailand and Singapore. Pursuant to the MOU, THAC will also extend the use of its hearing facilities at preferential rates for SIAC arbitrations that are held in Thailand.
The MOU was signed by Ms Lim Seok Hui, Chief Executive Officer of SIAC, and Mr Pasit Asawawattanaporn, Managing Director of Thailand Arbitration Center.
Mr Pasit Asawawattanaporn, Managing Director of Thailand Arbitration Center, said, “We are proud and honored to sign the MOU with SIAC. The synergy between our arbitration centers will bring about the development of international arbitration in both countries to a higher level.”
Ms Lim Seok Hui, CEO of SIAC, commented that “We are delighted to be entering into this collaboration with THAC. This MOU represents a significant step in furtherance of our mutual objective to jointly promote the development of international arbitration to the Thai legal and business communities.”