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In the October Fourteenth issue of Far Eastern Economic Review, there is
an article on arbitration in Singapore.  Singapore is taking advantage
of its "squeaky clean image" to bring in business to its arbitration
centers from other countries.  These contracts may have nothing to do with
Singapore other than stating they are governed by Singapore Law and
its arbitration agencies.  

Other countries such as Hong Kong, Britain and Netherlands that also
provide international arbitration are more expensive and farther away from 
Asian countries.  Indian companies are particularly interested in this 
service as Singapore also uses the common law system and the English language.