Li Zizheng: Our country's practical and effective legal and judicial system brings genuine just

Senior Minister Lee Hsien Loong said that Singapore has established a practical and effective legal and judicial system that brings genuine justice to all.

Minister Lee emphasized that not only do we have laws that are up-to-date, meticulously drafted, and tailored to our national conditions, but we also have capable and incorruptible judges and officials. These elements are crucial for our courts and judicial departments to earn recognition, trust, and respect both domestically and internationally. Speaking at the 10th anniversary celebration of the Singapore International Commercial Court (SICC), Senior Minister Lee noted that laws and regulations permeate every level of our society. Citizens enjoy rule of law and stability, while businesses benefit from certainty in commercial matters, including foreign investors who come here.

"Foreign investors believe their investments here are secure. The government has the freedom to act as needed to effectively govern public affairs, but it must also adhere to clear and practical legal constraints to always remain accountable."

Minister Lee also discussed the role of laws in international relations. He pointed out a key difference between domestic and international rule of law: within domestic systems, the state is the ultimate enforcer of laws, whereas in international relations, there is no ultimate enforcement body.

He stated that while countries claim to respect international rule of law and assert they will act according to regulations, in reality, nations interpret international rules and norms to seek maximum flexibility and advantage. Sovereignty allows states to decide whether or not to accept jurisdiction from international institutions.

Minister Lee mentioned that countries often approach international rulings or arbitrations cautiously, fearing limitations on national sovereignty or inadequacies in their arguments. They prefer to leave issues unresolved rather than risk losing cases. Increasing geopolitical tensions exacerbate this situation, with countries refusing to submit contentious territorial or maritime disputes to the International Court of Justice or Permanent Court of Arbitration, instead unilaterally invoking national security exceptions to avoid obligations under the World Trade Organization.

He stressed that despite imperfections in international law, it remains highly significant.

"In fact, it is becoming more important and precious. Countries need to coexist and cooperate. International business still needs to be conducted, and parties must agree on applicable rules and how to resolve cross-border commercial disputes."

Minister Lee also commended the SICC for its performance in handling international commercial disputes as a high court, noting that it has met expectations and further strengthened Singapore's position as an international dispute resolution hub.