SINGAPORE - Guidelines should be developed to shape the nature and extent of communications between courts in diverse jurisdictions, said Chief Justice Sundaresh Menon at the opening of the legal year 2016.
The vision, he said, is a network eventually connecting the courts of key commercial centres on a multilateral as well as bilateral basis, in an effort to meet the needs of a globalised commercial environment.
Judicial Commissioners Aedit Abdullah and Kannan Ramesh are working with other judges to take this forward, he said.
"When those on the bench today started practice, the practice of law was a domestic proposition," he said.
"This has all changed as a result of globalisation and the phenomenal rise of connective technologies over the last two decades," he noted.
He raised the example of cross-border insolvency. A cross-border corporate failure raises the prospect of multiple proceedings in different jurisdictions, which can bring about inconsistent outcomes and a rush to lay claims over available assets.
Collaboration and communication among involved courts is a part of the response to such challenges, he said, as they work together to search for effective and orderly resolutions.
Next week will also see the launch of the Asian Business Law Institute, aimed at helping to ensure the law is a promoter of the growth of transnational commercial activity, not an impediment to it.