Parties in Certain Situations
Compare and contrast arbitration and litigation. Explain why arbitration may be preferred by the disputing parties in certain situations. Describe and discuss two (2) real-life situations in which arbitration was a preferred means of dispute resolution. You can review and research into online and other publicly available sources of information relating to such scenarios. (22 marks) (b) Recommend an arbitration venue (and identify a specific arbitration centre in that venue) in Asia. Provide reasons to support your recommendation. You can conduct additional research to supplement the notes in the textbook and study guide. (8 marks) (c) In 2014, the Singapore International Mediation Centre (SIMC) was established and a Bill was passed in the Singapore parliament to set up the Singapore International Commercial Court (SICC).