In March 2013, the IP Steering Committee, chaired by Mr Teo Ming Kian, submitted its IP Hub Master Plan (“Master Plan”) which will serve as a roadmap to help Singapore achieve its goal of becoming a global IP Hub in Asia. The recommendations in the Master Plan, which have been accepted, were made in connection with three strategic outcomes that Singapore hopes to achieve, namely, for Singapore to become a hub for (i) IP transactions and management; (ii) quality IP filings; and (iii) IP dispute resolution.
MinLaw has invited CIArb Singapore to share with its members a letter from Senior Minister of State for Law, Indranee Rajah, setting out her thoughts on the various initiatives under the Master Plan and how being an IP Hub will expand Singapore’s opportunities for growth across various sectors. One of the goals of the Master Plan is to grow Singapore as a hub for IP dispute resolution. With Singapore already firmly established as a hub for international commercial and maritime arbitrations, the Master Plan seeks to add IP arbitration to the range of offerings in Singapore. To view Senior Minister of State for Law, Indranee Rajah’s letter: “Mission Possible, IP Hub of Asia”, [click here].
CIArb Singapore looks forward to working with MinLaw and other stakeholders including the SIAC, IPOS and WIPO Arbitration and Mediation Center to support and develop the various initiatives under the Master Plan and, in particular, to develop Singapore into a thriving hub for IP dispute resolution and arbitration.
CIArb Singapore members are also invited to give their comments and ideas on advancing these initiatives and proposals. Feedback is invited by 30 May 2013 and should be sent to secretariat@ciarb.org.sg.
