Singapore and Bahrain Sign Bilateral Treaty on Appeals from the Bahrain International Commercial Court

March 20, 2024 11:57 PM PDT | By Cision

Singapore and Bahrain Sign Bilateral Treaty on Appeals from the Bahrain International Commercial Court — Image source: Kalkine Media

Recent News

Does Coca-Cola’s (NYSE:KO) Beverage Portfolio Still Command Retail Spa...

Targa Resources: Market Positioning and Corporate Developments (NYSE:T...

UBS Group Releases Optimistic Projection for Textron (NYSE:TXT) Stock...

SiteOne Landscape Supply Faces Shifting Market Sentiment (NYSE:SITE)

SINGAPORE, March 21, 2024 /PRNewswire/ -- The Government of Singapore and the Government of the Kingdom of Bahrain signed a bilateral Treaty on 20 March 2024 to establish a new Bahrain International Commercial Court (BICC) in Bahrain and a designated body in Singapore to hear appeals from the BICC.

Singapore’s Minister for Home Affairs and Minister for Law, Mr K Shanmugam SC and Bahrain’s Minister of Justice, Islamic Affairs and Waqf H.E. Mr Nawaf bin Mohamed AlMouada at the virtual signing ceremony on 20 March 2024. (Photo courtesy of Ministry of Law Singapore)

The Treaty was signed by Singapore's Minister for Home Affairs and Minister for Law, Mr K Shanmugam SC and Bahrain's Minister of Justice, Islamic Affairs and Waqf H.E. Mr Nawaf bin Mohamed AlMouada in a virtual ceremony on 20 March 2024.

Innovative Nature of the Collaboration

The features of the collaboration include:

a. Cooperation between the Singapore International Commercial Court (SICC) and the Supreme Judicial Council of the Kingdom of Bahrain to establish the BICC; and

b. The hearing of appeals by the SICC from the BICC, which will provide parties with a transnational commercial dispute resolution option.

The collaboration will also provide opportunities for the development of commercial jurisprudence.

Major Milestone in Bilateral Ties

The signing of the Treaty marks another milestone since the Singapore and Bahrain judiciaries signed the Memorandum of Understanding on Cooperation and Memorandum of Guidance as to the Enforcement of Money Judgments when The Honourable the Chief Justice Sundaresh Menon (Chief Justice Menon) led a delegation to visit Bahrain in May 2023.

Minister Shanmugam said, "We welcome this collaboration with Bahrain to set up an appeal mechanism from the new Bahrain International Commercial Court to the Singapore International Commercial Court. This collaboration can advance our shared interests."

Chief Justice Menon said: "Today's signing of the bilateral Treaty between Singapore and Bahrain to establish the BICC marks a significant milestone in our ties with the Bahrain judiciary. This collaboration would not have been possible without the excellent partnership between the Working Groups set up by the respective Singapore and Bahrain teams. I am deeply grateful for their tremendous work on this project, and look forward to the launch of the BICC."

Visit https://go.gov.sg/sgcourts-singapore-bahrain-sign-bilateral-treaty for more details.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.