Singapore Arbitration Act

The Singapore Arbitration Act governs how arbitration, a method of resolving disputes outside of court, is conducted in Singapore. It provides a legal framework for arbitration agreements, the appointment of arbitrators, and the enforcement of arbitration awards. This means that if parties disagree, they can choose to settle their issues through arbitration instead of going to court, which can often be faster and more private. Singapore is known for its strong arbitration laws, making it a popular location for international business disputes. The Act ensures that the arbitration process is fair and efficient.