Singapore law, which has its roots in English law, has now evolved into a distinctive jurisprudence. It continues to absorb and modify the common law as well as best practices from other mature legal systems. Developments in Singapore law reflect an acute awareness of current societal trends, as well as commercial practices of domestic and international businesses. Today, Singapore law has come to be the most frequently chosen among Asian national laws as the applicable law governing contracts, as published in a 2005 report by the International Court of Arbitration, and the Singapore legal system has received numerous international accolades for its integrity and efficiency. The Academy recognises that legal knowledge is the intellectual capital of its members. Accordingly, one of the Academy’s key foci is the development and enhancement of legal knowledge. The Legal Knowledge Cluster of the Academy undertakes the following functions: (i) Publishing works on developments in local laws and disseminating these works regionally and internationally (ii) Providing a suite of programmes for continuing legal education and studies on legal issues that are both of contemporary and long-term importance to the legal industry (iii) Reporting on judgments emanating from the High Court and the Court of Appeal (iv) Initiating law reform proposals to make recommendations to further the efficacy of the laws of Singapore (v) Preserving and promoting awareness of our legal heritage.