Singapore Chief Justice awarded Global Arbitration Review’s “Best Lecture or Speech Award for 2012”

Back in June 2012, we wrote about a speech delivered by The Honourable The Chief Justice Sundaresh Menon (“Menon CJ“) while he was the Attorney-General at the 21st International Council for Commercial Arbitration.

 As we had written then,

 [Menon CJ] called on the international arbitration community to self-regulate, put in place a code of conduct and ensure practitioners are up to acceptable standards.

 [Menon CJ]  raised particular concerns about “runaway” costs of arbitration and suggested that a unified code of conduct should be put in place to serve as a reference guide for arbitrators globally. The code would include rules on the fixing of costs.

 [Menon CJ] also discussed the possibility of arbitral bodies acting as regulators in the way Bar associations do for lawyers and said that arbitral bodies could impose sanctions based on an internationally approved list of penalty benchmarks.

 [Menon CJ] ended on a positive note however, saying: “The growth in numbers is testament to the fact that, despite all the worries and concerns that I have canvassed, arbitration is still the only choice for many who seek resolution to their disputes”.

 Agreeing with [Menon CJ]’s comments about the need for self-regulation Professor Jan Paulsson, president of ICCA, said in his closing speech: “The time to innovate and reform is when you do so from a position of strength, not when you are heading to crash in the sand and are doing so out of desperation”.

Menon CJ’s speech has been awarded the Global Arbitration Review’s “Best Lecture or Speech Award for 2012”, beating out very stiff competition in the process. The other nominees for that award and their lectures/speeches were:

Our heartiest congratulations to the Honourable Chief Justice and we look forward to more of such speeches, lecturers and decisions.

About Shaun Lee

International Dispute Resolution and Arbitration lawyer. Fellow of the Chartered Institute of Arbitration. Panel of Arbitrators and Panelist for DNDR at the KLRCA.
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2 Responses to Singapore Chief Justice awarded Global Arbitration Review’s “Best Lecture or Speech Award for 2012”

  1. Pingback: CIArb Singapore Young Members 2013 Essay Competition | Singapore International Arbitration Blog

  2. Pingback: Chief Justice Menon Keynote Address to CIArb International Arbitration Conference | Singapore International Arbitration Blog

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