In a significant stride towards fostering international trade and bolstering the rule of law, the governments of Bahrain and Singapore have inked a treaty to establish the Bahrain International Commercial Court (BICC) in Bahrain, with a designated body in Singapore. The virtual signing ceremony, presided over by Nawaf bin Mohamed Al Maawda, Bahrain’s Minister of Justice, Islamic Affairs, and Endowments, and Kasiviswanathan Shanmugam, Singapore’s Minister for Home Affairs and Minister for Law, marks a pivotal moment in enhancing the resolution of disputes in international trade.
The treaty signifies a commitment to promoting the international rule of law and facilitating international commerce by developing innovative systems for dispute resolution. Striking a balance between party autonomy and public policy, the treaty offers flexible models for participation in the commercial court and appeals process, while ensuring adherence to fundamental principles of justice.
By establishing a cooperative framework, the two countries aim to set higher standards for international commercial dispute resolution, addressing the challenges faced by businesses in resolving disputes effectively. The accord builds upon the foundation laid by the Memorandum of Understanding (MoU) on Cooperation and Memorandum of Guidance signed between the Bahrain and Singapore judiciaries in May 2023, during Chief Justice Menon’s delegation visit to Bahrain.
Minister Al Maawda hailed the treaty as a transformative step towards reinforcing the rule of law and promoting access to justice on a global scale. He emphasized its significance in safeguarding the interests and rights of the international business community.
Further, Jan Paulsson, Judge of the Bahrain Court of Cassation, also underscored Singapore’s renowned Singapore International Commercial Court as a reliable option for parties seeking comprehensive review by a reputable body. Paulsson highlighted that BICC will seamlessly integrate into Bahrain’s bilingual jurisdiction, with cases heard in English managed by international judges, including at the court of cassation level.
