SINGAPORE, Oct. 18, 2024 /PRNewswire/ -- The Singapore International Commercial Court (International Committee) Bill was introduced for First Reading in Singapore's Parliament on 14 October 2024.
The Bill seeks to establish an International Committee of the Singapore International Commercial Court (SICC) in Singapore to hear prescribed civil appeals and related proceedings from prescribed foreign jurisdictions. The SICC is a division of the General Division of the High Court and part of the Supreme Court of Singapore. The SICC is designed to adjudicate transnational commercial disputes and has jurisdiction to hear and try actions which are international and commercial in nature.
The International Committee will further enhance Singapore's offerings as an international dispute resolution hub, providing parties with a transnational commercial dispute resolution option to hear their cases and appeals.
The Bill follows the signing of a bilateral Treaty between the Government of Singapore and the Government of the Kingdom of Bahrain on 20 March 2024 to collaborate on the establishment of the Bahrain International Commercial Court.
Key Features of the Bill
The key features of the Bill are as follows:
Visit News and speeches (judiciary.gov.sg) for more details.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Enhancing Singapore's Offerings as An International Dispute Resolution Hub with the Singapore International Commercial Court (International Committee) Bill
SEOUL, South Korea, Oct. 18, 2024 /PRNewswire/ -- Floatic, a leading AMR solutions provider for e-commerce warehouses, announced a strategic partnership with Geek+, a global leader in robotics technology, to deliver an integrated robotic solution for warehouse automation. Through this collaboration, both companies aim to offer clients efficient and scalable robotics solutions, driving innovation in warehouse automation as key partners.
The two industry leaders aim to establish a joint sales pipeline in Asia-Pacific to deliver integrated robotics solutions to clients. The partnership combines Floatic's proprietary technology in multi-robot management and system integration with Geek+'s comprehensive lineup of robots, industry networks, and mass production capabilities. Both companies are poised to generate powerful synergies, delivering optimized warehouse robotics solutions tailored to the client's needs.
"Many companies have struggled to find automation solutions suited to the diverse range of goods and workflows within their warehouses," said Chan Lee, CEO of Floatic. "By delivering an integrated solution through this partnership, clients can minimize the inconvenience of navigating numerous options and experience a total solution for any warehouse environment."
Geek+ is a global warehouse robotics company with over 1,000 clients worldwide, including retail, apparel, third-party logistics, pharmaceuticals, and automotive sectors. The company's extensive range of warehouse robots includes AGVs and AMRs, such as GTP(Goods-to-Person) robots capable of handling loads over 1,000 kg, as well as sorting robots, forklift robots, and transport robots. Geek+ solutions are utilized by major logistics companies in South Korea, including Coupang and CJ Logistics.
Floatic provides AMR solutions for e-commerce warehouse called 'Floware', a picking robotic solution optimized for multi-SKU inventory storage and volatile e-commerce orders. Floware consists of its proprietary software platform 'Floatic Engine', which integrates seamlessly with clients' Warehouse Management Systems(WMS), enables fleet management system and real-time monitoring, alongside 'Flody', the robot hardware designed specifically for warehouse environments.
"This partnership enables both companies to complement each other's technologies, responding more effectively to various clients' needs," added James Leung, Head of Sales for the Asia-Pacific region at Geek+. "We look forward to becoming leading partners in driving true innovation in warehouse automation."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Floatic and Geek+ Form Strategic Partnership to Deliver Integrated Robotics Solutions for Warehouse Automation
