Addressing the Singapore- India Mediation Summit Chief Justice of Singapore, Sundaresh Menon stressed on the multiple benefits of adopting mediation as a mainstream means of settling disputes amicably.
"Mediation has come to experience real growth as a key mechanism for cross border commercial disputes"- Sundaresh Menon
Outlining the evolution of mediation in Asian markets, India and Singapore in particular, Justice Menon highlighted the increasing use of mediation for resolving cross border and commercial disputes.
"This trend bears particular significance for all of us here, because a robust and trustworthy system of dispute resolution is integral to the strong ties in trade and commerce that existed between our jurisdictions, investors and businesses, he said".
Taking the audience back to the early 90s when a conscious decision to revive the practice of mediation was made in Singapore. At this juncture, Justice Menon pointed out that historically both India and Singapore shared a common tradition of resolving disputes through mediation in the panchayat governance system.
Chief Justice Sundaresh Menon was speaking at the India - Singapore Mediation Summit 2021, organised by Singapore International Mediation Centre (SIMC), in strategic partnership with CAMP Mediation, and Mediation Mantras.