WIPO Holds Annual Arbitration Workshop Off-Site For First TimePublished on 17 October 2012 @ 6:46 pm
Intellectual Property Watch
By Maricel Estavillo for Intellectual Property Watch
The annual arbitration workshop of the World Intellectual Property Organization is taking place this year in Singapore, the first time the gathering has been held outside the United Nations agency headquarters in Geneva.
More than 50 local and international IP and arbitration professionals are expected to attend the 18-19 October workshop, WIPO and the Intellectual Property Office of Singapore said in a joint press release [pdf].
Established in 1994, the WIPO Arbitration and Mediation Center offers alternative dispute resolution (ADR) options, particularly arbitration and mediation. Seen as cheaper, faster and with the negotiations done in confidentiality, ADRs are sometimes preferred over court procedures for technology, entertainment and other disputes involving intellectual property.
Singapore’s hosting of the arbitration workshop, a first since its inception in 1996, reflects the growing role of the city state as an arbitration venue for intellectual property disputes, the release said.
“Singapore has become a globally recognised arbitration venue. With its legal and IP infrastructure, Singapore is also striving to establish itself as an IP hub. Supported by the Singaporean authorities, the WIPO Arbitration and Mediation Center Office in Singapore at the remarkable Maxwell Chambers, expands WIPO’s alternative dispute resolution activities in the region,” WIPO Center Director Erik Wilbers said in the statement. The WIPO arbitration office in Singapore was established in May 2010.