Arbitration and Mediation Act (Singapore)

The Arbitration and Mediation Act (Singapore) provides a legal framework for resolving disputes outside of traditional court settings. Arbitration involves a neutral third party making a binding decision on the matter, while mediation focuses on facilitating communication between parties to help them reach a mutually agreeable solution. This Act supports both processes by establishing rules and procedures, ensuring fairness and efficiency. It is designed to make dispute resolution more flexible, faster, and confidential compared to going to court, promoting Singapore as a hub for international arbitration and mediation.