CVV and others v CWB 2023 SGCA-I 9 - 1 December 2023
Country
Year
2023
Summary
Arbitration has emerged as a popular and attractive mode for the resolution of complex commercial disputes. One of the key virtues of arbitration is in the finality of the arbitral award. However, it appears that the benefit of finality is only appreciated by the winning party because dissatisfied parties are increasingly seeking the court's assistance and intervention to set aside arbitral awards. This is so notwithstanding that curial intervention is only warranted on the limited grounds exhaustively prescribed under the International Arbitration Act 1994 (2020 Rev Ed) (the "IAA").
Arbitration - Award - Recourse against award - Setting aside; Arbitration - Enforcement.