Finance, Taxes, Insurance
MOU with The Hague Puts Singapore in Center of Aviation Mediation in Asia
Singapore will collaborate on the first specialized mediation framework for the aviation industry in Asia
The Hague CAA and the Singapore International Mediation Centre signing
(From left) AAIS CEO Sia Kheng Yok; Paul Ng, co-chair of The Hague CAA's mediation standing committee; Singapore International Mediation Centre CEO Chuan Wee Meng; and Celia Sia, senior vice president and head of hub strategy for the Singapore Economic Development Board.

The Hague Court of Arbitration for Aviation (CAA) signed a memorandum of understanding with the Singapore International Mediation Centre (SIMC) on Wednesday to provide the first specialized mediation framework for the aviation industry in Asia.

The agreement paves the way for an aviation-specific mediation option in Asia and beyond. Currently, aviation businesses in the region seeking such an option must turn to Europe for mediation.