International trade dispute settlement by arbitration Compare Singapore and Thailand

Abstract

The objective of this research is to study the problem of applying model law in the development of international arbitration dispute resolution. Development of arbitration law and the development of the arbitration system of Singapore and Thailand To find ways to develop international trade disputes by arbitration in Thailand. This research is a qualitative research by studying documents from the law. Academic textbooks, research, judgment of the Supreme Court Articles from legal journals or magazines Information from both Thai and foreign internet sites about the settlement of international trade disputes by arbitration. According to research studies, it is found that Thailand and Singapore have different international arbitration systems. The main reasons why the two countries have different arbitration systems are: Time in the proceedings from the commencement of the petition until the arbitral tribunal makes the award And experts who came as the arbitral tribunal And the country is the most successful in the management system of an arbitral institution, which is regarded as a very internationally recognized institution. And there is a growing number of cases entering the institution. Singapore has a number of international arbitrators with expertise in the institution. In addition, Singapore is planning to communicate to investors who will bring the case to the Arbitration Institute of Singapore. Seen that it will take only 3 months. And Singapore has a better language than Thailand Because of the original basics, Singapore used Chinese and English for conversation. Which investors in international trade are often dealing with China a lot. This is one more reason Singapore goes further than any other country. In ASEAN in the field of arbitration institutions Thailand should therefore use the management system within the Singapore arbitral institute as a guideline for developing a better arbitration system.