IAMC Hyderabad and Singapore International Mediation Centre entered a Memorandum of Understanding at Maxwell Chambers in Singapore. The signing ceremony took place in the presence of Justice N V Ramana, Former Chief Justice of India, Justice L Nageswar Rao, Former Judge, Supreme Court of India, George Lim, SC, Chairperson SIMC, Wee Meng Chuan, CEO SIMC and Adv. Tariq Khan, Registrar IAMC. Representatives from other international mediation centres from Japan, Vietnam, Indonesia, Turkey etc. were also present for the ceremony.
The signing of the MOU demonstrates a strong show of solidarity among two leading international mediation institutions to promote and facilitate the use of mediation in cross-border commercial disputes across various sectors.
The MOU includes the agreement to promote international mediation and jointly explore the possibility of organising conferences, workshops, seminars, training programmes and other events.
"IAMC is happy to collaborate with SIMC which is one of the leading mediation centres in the world. This partnership is a significant step towards enhancing mediation practices in India and Singapore. By synergizing the rich expertise and diverse cultural perspectives of both jurisdictions, we will set a global standard for resolving disputes and make mediation a preferred mode of dispute resolution,” said Mr Tariq Khan, Registrar, IAMC Hyderabad.
“This collaboration between two mediation powerhouses will increase investor confidence and ensure swift, equitable solutions for sustainable commercial growth," explained Mr Khan.