A Study Of Singapore International Commercial Arbitration Award System

With the rapid development of global economy and trade,international trade exchanges are increasing day by day,which is followed by more and more trade frictions.International arbitration plays an increasingly important role in settling commercial disputes.Among the existing international commercial arbitration sites in the world,Singapore has become one of the most popular arbitration sites in Asia and even in the world due to its superior geographical location,advanced and perfect international commercial arbitration system and its status as a party to the New York Convention.The subject of international commercial activities chooses arbitration as the dispute resolution method for their ultimate purpose which is to earn an enforceable arbitration award and enforce its content.In this paper,the author focuses on the implementation and revocation of Singapore’s international commercial arbitration awards,analyzes the characteristics of its system,and then puts forward suggestions for the improvement of China’s international commercial arbitration system.This article makes a comprehensive analysis of Singapore’s international commercial adjudication system.The first part is an overview of Singapore’s international commercial arbitration system,specifically covering the origin and development of Singapore’s international commercial arbitration system and the differences between Singapore’s domestic and international commercial arbitration legal systems in terms of arbitration awards.From this,we can see the development process of Singapore’s arbitration system,and through the comparison of domestic and international arbitration award systems,we can draw the conclusion that Singapore’s international commercial arbitration gives parties more autonomy.The second part focuses on the setting aside statutory causes and procedures of Singapore’s international commercial arbitration awards,and supplemented by cases to study the specific practices of Singapore’s High Court in practice.The third part introduces the enforcement system of Singapore’s international commercial arbitration award,including the enforcement of the domestic international commercial arbitration award system and the recognition and enforcement of foreign arbitration awards.Taking Singapore’s International Commercial Arbitration Law,the New York Convention and the United Nations Commission on International Trade Law Model Law on International Commercial Arbitration as the legal system foundation,the author studies the enforcement of Singapore’s international commercial arbitration award with specific cases.In the last part,from the perspectives of revocation of arbitral awards,enforcement of arbitral awards and recognition and enforcement of foreign arbitral awards,the author puts forward some thoughts and suggestions on improving China’s legal system of international commercial arbitration.