logo
Singapore's dispute resolution ecosystem must evolve to stay relevant: Murali

Singapore's dispute resolution ecosystem must evolve to stay relevant: Murali

Straits Times22-05-2025
Mr Murali Pillai, Minister of State for Law and Transport, speaking at the Alternative Dispute Resolution Conference on May 22. ST PHOTO: NG SOR LUAN
SINGAPORE – Hubs for Alternative Dispute Resolution (ADR) must evolve to remain relevant to businesses, to deliver certainty and rule of law amid the volatile global landscape.
In a speech on May 22 to about 200 delegates at the Alternative Dispute Resolution Conference, Mr Murali Pillai, Minister of State for Law and Transport, said Singapore aims to navigate the complex and dynamic global environment in three ways – upholding the rule of law, innovation and creating partnerships.
On the rule of law, Mr Murali said Singapore is a strong proponent of multilateralism, noting that the Republic had signed and ratified a number of key international conventions, including the New York Convention, the Hague Choice of Court Convention, and the Singapore Convention on Mediation.
He said these instruments enhance the enforceability of arbitral awards, court judgments, and mediated settlement agreements across borders.
Mr Murali highlighted the most recent addition - the Singapore Convention on Mediation, which currently has 18 parties and 57 signatories, including many progressive countries from ASEAN and Asia.
'We hope that more countries will sign and ratify the Convention, allowing mediation to become a truly effective and trusted means for resolving cross-border disputes – complementing arbitration as a key pillar of international dispute resolution,' he said.
Speaking at the conference, jointly organised by the Law Society of Singapore and LawAsia (The Law Association for Asia and the Pacific), held at the Pan Pacific Singapore, Mr Murali said Singapore must consistently innovate, improve, and create better ways to meet global needs.
He noted changes were made to introduce a framework for fee agreements, to align the ADR landscape in Singapore with practices and developments on the international front.
Singapore also embraced technology, with the Singapore International Mediation Centre (SIMC) offering the use of the Mediation Artificial Intelligence (AI) Assistant.
The tool allows users to quickly make sense of large volumes of information, including generating a chronology of events, outlining the roles of individuals, providing a table of common positions and differences between parties, and summarising the documents and data provided by parties
Mr Murali said because of the international nature of the disputes, Singapore recognises that it cannot operate in isolation.
At the government-to-government level, he noted that the Ministry of Law has signed memorandum of understanding with counterparts around the world.
ADR institutions have also collaborated with foreign ADR institutions, trade bodies, bar associations, hearing centres and law schools, to exchange knowledge and best practices.
Mr Murali said ADR institutions in Singapore have an international Board, Court and panel from both common law and civil law jurisdictions.
'Just as Singapore is integrated into the global trading system, our ADR ecosystem must also be globally connected.
'To this end, we have liberalised our dispute resolution regime,' he added, noting that parties can appoint counsel, arbitrators and mediators of any nationality.
In his speech, Mr Murali said he is optimistic that globalisation is here to stay, though in a different form, with new ties forged between like-minded jurisdictions.
He said he was especially confident about the future of Asia, noting that three of the top five largest economies in the world are in Asia – China, Japan and India.
'ASEAN, as a collective bloc, is around the same size as India. This region is dynamic and full of promise.
'The Asia-Pacific is home to over 60 per cent of the world's youth aged 15 to 24, representing not only a significant source of talent, but also a growing base of consumers.
'With an expanding middle class and increasing urbanisation, we are witnessing a surge in infrastructure development and economic activity.
'And where business thrives, so too does demand for legal and dispute resolution services. There is room for all of us to benefit from this growth,' he added.
Legal experts speaking to The Straits Times at the sideline of the event said new trends are emerging in the ADR environment.
One of the delegates at the conference, Mr See Chern Yang, director of dispute resolution at Drew & Napier, told The Straits Times: 'We are starting to see more commercial disputes, especially now... cross border, commercial disputes between two parties of different countries getting through the mediation system.
'We are also starting to see a trend of what we call pre-commencement mediation, which means even before the case is found in the court, before litigation commences, parties with their lawyers collectively decide, 'let's mediate'.'
Mr See Chern Yang, director of dispute resolution at Drew & Napier, said that they are starting to see more commercial disputes, especially now.
ST PHOTO: NG SOR LUAN
Parties from around the world have chosen Singapore as the dispute resolution forum , even when the dispute has no direct connection with Singapore.
In the latest Queen Mary University of London and White & Case's International Arbitration Survey, Singapore continues to rank amongst the top four most preferred seats of arbitration across all regions, including Africa and Latin America.
The Singapore International Arbitration Centre has received cases from parties from 110 jurisdictions.
Mr Shyam Divan, president of LawAsia, said ADR can bring cost-savings and be more efficient to feuding parties.
In international trade disruptions, such as the Covid-19 pandemic, parties may find themselves having a problem which needs to be solved quickly.
Mr Divan told ST: 'So in situations like that, I think ADR, without having to go through the court system, is much more efficient – either through the arbitration or the mediation route – in trying to have a solution which is acceptable to two sides.'
He added that he sees mediated settlements gaining popularity.
Mr Shyam Divan, president of LawAsia, said ADR can bring cost-savings and be more efficient to feuding parties.
ST PHOTO: NG SOR LUAN
Mr Murali, who will be appointed Senior Minister of State for both portfolios from May 23 , told ST about his new role as 'being a team player in the team captained by Prime Minister Lawrence Wong'.
He said: 'The goal is simple but difficult – to win the match to secure our country's future at local, national and international levels.'
Zaihan Mohamed Yusof is senior crime correspondent at The Straits Times.
Join ST's WhatsApp Channel and get the latest news and must-reads.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties
$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties

Singapore Law Watch

time5 days ago

  • Singapore Law Watch

$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties

$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties Source: Straits Times Article Date: 16 Jul 2025 Author: Samuel Devaraj The Director of Legal Services, a department under MinLaw, conducted investigations into 24 law practices, and 11 of the probes have been concluded. The Ministry of Law (MinLaw) has taken four law firms and one lawyer to task for anti-money laundering breaches over the purchase of properties in the $3 billion money laundering case, with one of the practices receiving the maximum penalty of $100,000. In a press release on July 15, MinLaw said it is supporting the Director of Legal Services (DLS) in conducting inquiries into the law practices that were involved in the conveyancing of the real estate seized in an anti-money laundering operation in August 2023. It said the DLS conducted investigations into 24 law practices that were involved, and 11 of the probes have been concluded. The DLS heads the Legal Services Regulatory Authority, which is a department under MinLaw that oversees the regulation of all law practice entities and the registration of foreign lawyers in Singapore. The DLS has ordered two law practices to pay financial penalties of $30,000 and $100,000 respectively. A third law practice was issued a statutory notice of the intention to order it to pay a financial penalty of $70,000. A final decision will be made after receiving and considering the firm's written representations, if any, MinLaw said. The ministry added that the DLS privately reprimanded a fourth law practice, and also referred one lawyer to the Law Society of Singapore for disciplinary action. MinLaw did not name the four law practices and the lawyer that have received enforcement action in its press release. The Straits Times has contacted the ministry for more information. The DLS has decided it will not be necessary to take further regulatory action against seven other law practices. Said MinLaw: 'The DLS is considering the inquiry findings for the remaining 13 law practices, and whether any lawyers concerned should be referred to the Law Society of Singapore for disciplinary action.' Among its roles, the Law Society maintains the standards of conduct of the legal profession in Singapore. MinLaw added that a law practice that breaches its anti-money laundering obligations can face regulatory control action against its licence. In response to queries from ST, a MinLaw spokesperson said law practices found to have breached their anti-money laundering obligations under the Legal Profession Act may be given a warning, ordered to pay a penalty of up to $100,000, or have their law practice licence suspended or revoked. A lawyer who breaches his or her anti-money laundering obligations can face disciplinary proceedings, which could result in monetary penalties, suspension from legal practice or disbarment. Singapore's largest case of money laundering involving $3 billion in cash and assets saw 10 foreigners arrested in multiple islandwide raids here on Aug 15, 2023. The nine men and one woman, who were originally from Fujian, China, were jailed, deported and barred from re-entering Singapore. MinLaw noted that all law practices and lawyers are subject to anti-money laundering obligations under the Legal Profession Act. These obligations include analysing money laundering risks relating to each client and performing customer due diligence measures that are commensurate with the client's risk profile. A law practice or lawyer also must file a suspicious transaction report (STR) with the police if they suspect the client may be engaged in money laundering, MinLaw noted. It added that if a law practice or lawyer decides to continue to act for the client despite these suspicions, it should substantiate and document the reasons for the decision. It must also adopt enhanced customer due diligence and monitoring measures. MinLaw said law practices must also have internal anti-money laundering policies, procedures and controls that fulfil the regulatory requirements and are sufficiently robust. The ministry said it issued a guidance note to the legal industry on June 23 to highlight the responsibilities of law practices and lawyers under their statutory anti-money laundering obligations. The note covered areas including analysing client risk, identifying material red flags, establishing a client's source of wealth and the timeline for filing an STR. MinLaw said that while Singapore has a comprehensive anti-money laundering regime, the landscape is constantly changing as new money laundering risks and methods emerge. It added: 'Everyone has a role in ensuring that Singapore's anti-money laundering systems continue to be robust, from the law enforcement agencies, to the service providers such as the financial institutions and law practices, to the general public.' The law firms and lawyer were the latest to be dealt with in relation to the $3 billion money laundering case. On July 4, the Monetary Authority of Singapore (MAS) said nine financial institutions were given $27.45 million in composition penalties, and action was taken against 18 staff. MAS said the financial institutions did not adequately check on customers' sources of wealth, even though there were discrepancies in the documents they had provided. Eight of the nine institutions did not adequately investigate suspicious transactions flagged by their own systems. For the staff, breaches included failure to detect or adequately assess multiple deficiencies during the onboarding of higher-risk customers. Source: The Straits Times © SPH Media Limited. Permission required for reproduction. Print

$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties , Singapore News
$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties , Singapore News

AsiaOne

time6 days ago

  • AsiaOne

$3b money laundering case: MinLaw acts against 4 law firms and 1 lawyer over seized properties , Singapore News

SINGAPORE — The Ministry of Law (MinLaw) has taken four law firms and one lawyer to task for anti-money laundering breaches over the purchase of properties in the $3 billion money laundering case, with one of the practices receiving the maximum penalty. In a press release on July 15, MinLaw said it is supporting the Director of Legal Services (DLS) in conducting inquiries into the law practices that were involved in the conveyancing of the real estate seized in an anti-money laundering operation in August 2023. It said the DLS conducted investigations into 24 law practices that were involved, and 11 of the probes have been concluded. The DLS heads the Legal Services Regulatory Authority, which is a department under MinLaw that oversees the regulation of all law practice entities and the registration of foreign lawyers in Singapore. The DLS has ordered two law practices to pay financial penalties of $30,000 and $100,000 respectively. A third law practice was issued a statutory notice of the intention to order it to pay a financial penalty of $70,000. A final decision will be made after receiving and considering the firm's written representations, if any, MinLaw said. The ministry added that the DLS privately reprimanded a fourth law practice, and also referred one lawyer to the Law Society of Singapore for disciplinary action. MinLaw did not name the four law practices and the lawyer that have received enforcement action in its press release. The Straits Times has contacted the ministry for more information. The DLS has decided it will not be necessary to take further regulatory action against seven other law practices. Said MinLaw: "The DLS is considering the inquiry findings for the remaining 13 law practices, and whether any lawyers concerned should be referred to the Law Society of Singapore for disciplinary action." Among its roles, the Law Society maintains the standards of conduct of the legal profession in Singapore. MinLaw added that a law practice that breaches its anti-money laundering obligations can face regulatory control action against its licence. In response to queries from The Straits Times, a MinLaw spokesperson said law practices found to have breached their anti-money laundering obligations under the Legal Profession Act may be given a warning, ordered to pay a penalty of up to $100,000, or have their law practice licence suspended or revoked. A lawyer who breaches his or her anti-money laundering obligations can face disciplinary proceedings, which could result in monetary penalties, suspension from legal practice or disbarment. Singapore's largest case of money laundering involving $3 billion in cash and assets saw 10 foreigners arrested in multiple islandwide raids here on Aug 15, 2023. The nine men and one woman, who were originally from Fujian, China, were jailed, deported and barred from re-entering Singapore. MinLaw noted that all law practices and lawyers are subject to anti-money laundering obligations under the Legal Profession Act. These obligations include analysing money laundering risks relating to each client and performing customer due diligence measures that are commensurate with the client's risk profile. A law practice or lawyer also must file a suspicious transaction report (STR) with the police if they suspect the client may be engaged in money laundering, MinLaw noted. It added that if a law practice or lawyer decides to continue to act for the client despite these suspicions, it should substantiate and document the reasons for the decision. It must also adopt enhanced customer due diligence and monitoring measures. MinLaw said law practices must also have internal anti-money laundering policies, procedures and controls that fulfil the regulatory requirements and are sufficiently robust. The ministry said it issued a guidance note to the legal industry on June 23 to highlight the responsibilities of law practices and lawyers under their statutory anti-money laundering obligations. The note covered areas including analysing client risk, identifying material red flags, establishing a client's source of wealth and the timeline for filing an STR. MinLaw said that while Singapore has a comprehensive anti-money laundering regime, the landscape is constantly changing as new money laundering risks and methods emerge. It added: "Everyone has a role in ensuring that Singapore's anti-money laundering systems continue to be robust, from the law enforcement agencies, to the service providers such as the financial institutions and law practices, to the general public." The law firms and lawyer were the latest to be dealt with in relation to the $3 billion money laundering case. On July 4, the Monetary Authority of Singapore (MAS) said nine financial institutions were given $27.45 million in composition penalties, and action was taken against 18 staff. MAS said the financial institutions did not adequately check on customers' sources of wealth, even though there were discrepancies in the documents they had provided. Eight of the nine institutions did not adequately investigate suspicious transactions flagged by their own systems. For the staff, breaches included failure to detect or adequately assess multiple deficiencies during the onboarding of higher-risk customers. [[nid:719802]] This article was first published in The Straits Times . Permission required for reproduction.

8 smart buoys in S'pore waters from 2026 to enhance sea safety
8 smart buoys in S'pore waters from 2026 to enhance sea safety

Straits Times

time6 days ago

  • Straits Times

8 smart buoys in S'pore waters from 2026 to enhance sea safety

Find out what's new on ST website and app. Senior Minister of State for Law and Transport Murali Pillai speaking at the the International Safety@Sea Week on July 15. SINGAPORE – Eight smart buoys will be installed in Singapore's waterways from 2026, as part of a push by the Maritime and Port Authority of Singapore (MPA) to use technology to boost safety at sea. The buoys will be equipped with sensors that can collect and transmit data about the marine environment, such as currents. They will also be able to transmit this data in real time to MPA to help it monitor Singapore's waters, the agency said. 'These smart buoys serve as digital sentinels supporting safe navigation,' said Senior Minister of State for Transport Murali Pillai on July 15. He announced MPA's plans in his opening address at International Safety@Sea Week that is being held at the Conrad Singapore Marina Bay. MPA said data collected from smart buoys will be used for marine traffic management, incident response planning and environmental monitoring and modelling. 'The data can also be shared with government agencies, institutes of higher learning and research institutes to support various use cases to benefit Singapore,' MPA said. It added that the smart buoys will be installed within Singapore's port waters where marine traffic is high, and where data collected may be useful for environmental modelling. Top stories Swipe. Select. Stay informed. Singapore $3b money laundering case: MinLaw acts against 4 law firms, 1 lawyer over seized properties Singapore Air India crash: SIA, Scoot find no issues with Boeing 787 fuel switches after precautionary checks Opinion What we can do to fight the insidious threat of 'zombie vapes' Singapore $230,000 in fines issued after MOM checks safety at over 500 workplaces from April to June Business 'Some cannot source outside China': S'pore firms' challenges and support needed amid US tariffs Opinion Sumiko at 61: Everything goes south when you age, changing your face from a triangle to a rectangle Multimedia From local to global: What made top news in Singapore over the last 180 years? Singapore 'Nobody deserves to be alone': Why Mummy and Acha have fostered over 20 children in the past 22 years In future, these smart buoys may also be used to relay information to ships and warn of adverse weather conditions, Mr Murali said. The use of smart buoys is one example of how the maritime industry can 'complement human capabilities … to better predict, prevent and respond quickly to safety hazards and incidents at sea', said Mr Murali. He also spoke of the increasingly complex challenges faced by the maritime industry, such as heightened geopolitical tensions and climate change. An attack on a bulk carrier in the Red Sea earlier in July underscores the 'urgent need' to protect the safety of seafarers, Mr Murali said. The Liberia-flagged, Greek-operated carrier sank in the Red Sea on July 9, following attacks over two consecutive days by Yemen's Houthi militants. Ten of the ship's complement of 22 crew and three guards were rescued. The remaining 15 are considered missing, including five who are believed to be dead. The Secretary-General of the International Maritime Organisation (IMO) Arsenio Dominguez thanked Mr Murali 'for recognising the challenges we're facing when it comes to safety and security, particularly in the Red Sea'. Speaking at the same conference, Mr Dominguez said: 'I will continue to condemn those cowardly attacks. 'Shipping should not be collateral damage for geopolitical situations. Seafarers should not be negatively affected because of geopolitical situations, and we need to do our best not just to invest in people, but in protecting them as well.' On the issue of climate change, Mr Murali noted that changing weather patterns and the rise in extreme weather events are making navigation increasingly more challenging and uncertain . 'We can ride the waves': Murali But 'it is not all rough seas and dark skies ahead', Mr Murali said. He called for collaboration in training the maritime workforce, collaboration and partnerships within the sector, and leveraging technology to augment existing capabilities. One way Singapore is supporting the ongoing training of the maritime workforce is through a maritime energy training facility (METF) to equip maritime workers with skills to handle clean marine fuels. So far, the facility has trained more than 600 seafarers and maritime professionals. Its target is to train more than 10,000 seafarers by the 2030s. The MPA is also developing a METF digital platform that will give individuals and companies easy access to training courses. Mr Murali said the digital platform will be ready by end-2025. On fostering closer collaboration and partnerships, Mr Murali announced that the International Chamber of Shipping (ICS) will open a regional office in Singapore. The Straits Times understands the office will open this month. The ICS is the global trade association for shipowners and operators, and represents over 80 per cent of the world's merchant fleet. 'ICS' regional office in Singapore contributes to our thriving ecosystem, reflecting Singapore's commitment to being a trusted global hub port and contributing to the advancement of maritime safety,' Mr Murali said. In terms of leveraging technology, Mr Murali pointed to Singapore's Maritime Digital Twin, a dynamic real-time virtual model of the Port of Singapore, powered by artificial intelligence. Integrating live data from vessels, port operations and environmental sensors, this digital twin will improve navigational safety, operational efficiency and environmental sustainability, MPA said in March 2025. The digital twin is also expected to enhance situational awareness and emergency response to oil and chemical spills.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store