Our appreciation of current issues in the dispute resolution world was deepened when we attended the Singapore 2016 Global Pound Conference Shaping the Future of Dispute Resolution and Improving Access to Justice. The more we learn about contemporary dispute resolution, the better we understand how our role as consulting (dirty) or independent (clean) expert fits into the process as a whole and the better we can assist our clients.
The opening address by Sundaresh Menon, Chief Justice of Singapore on the impact of globalization on dispute resolution set the tone for the two days of the conference. Menon looked at globalization in terms of three major socio-economic shifts that are taking place:
Legal systems have to respond to these pressures and can do so in three main ways:
Perhaps not surprisingly, Menon finished by emphasizing the qualities of Singapore as a forum for international dispute resolution. In addition to its well-known Singapore International Arbitration Centre, it now also boasts the Singapore International Mediation Centre and is pioneering a process where mediation and arbitration are combined. The most recent addition to Singapore's dispute resolution menu is the Singapore International Commercial Court, of which Menon appeared to be very proud. He sees this as an alternative to international arbitration, with parties agreeing to be bound by its jurisdiction at the outset. The proof of the pudding will be in the eating, however. So far the SICC has only heard a couple of cases.
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Chris and Stephanie act as consultants and experts (“clean” and “dirty” experts) in the context of dispute resolution on a variety of financial reporting and audit issues.
Westworth Kemp Consultants can provide support to businesses, professional practices and regulators seeking to implement systems designed to foster compliance
Independent advice on the interpretation of auditing (or assurance) and accounting (or financial reporting) standards can be hard to find.