Singapore introduced legislation in 2017 to allow third-party funding in international arbitration and associated proceedings including enforcement and mediation. Our Singapore team is already representing clients in two significant Singapore-seated arbitrations in which the claimants are third-party funded. It is understood that these are amongst the first funded arbitrations in Singapore.
In the light of these exciting developments, Herbert Smith Freehills’ Alastair Henderson, Daniel Waldek and Emmanuel Chua discuss the legal landscape and trends in the Singapore chapter to the 2019 edition of Getting the Deal Through: Litigation Funding.
The Guide provides expert local insight into third-party funding and related laws, and answers key questions in 21 jurisdictions. Topics covered include: (i) whether third-party funding is permitted; (ii) funding options; (iii) fees and interests funders may charge; (iv) conditional or contingency fee agreements: (v) applicable legislative/regulatory provisions; (vi) termination of funding; (vii) after-the-event insurance; (viii) costs of litigation, adverse costs and security for costs; and (ix) disclosure and privilege. The Guide will be of interest to third party funders, lawyers and end-users of dispute resolution processes alike, to understand and navigate the latest developments in this area of the law.
Click here to view this publication.
Should you have any questions about third party funding in Singapore, please contact Alastair Henderson, Daniel Waldek or Emmanuel Chua.