Global law firm Norton Rose Fulbright is pleased to announce our involvement in the first Singapore arbitration case to be financed through third-party funding.
The matter, which is being financed by Burford Capital, is the first such matter to be listed since the Singapore government passed a legal framework for third-party funding in international arbitration in Singapore on 10 January 2017. The law subsequently came into effect on 1 March 2017.
Hong Kong lawmakers have recently passed a similar law which allows parties to obtain funding for arbitrations seated in Hong Kong.
Camille Jojo, partner, Norton Rose Fulbright commented: “We are delighted to have been involved in the very first third-party funding in Singapore arbitration case since the new legal regime came into effect earlier this year. We are also excited to work hand in hand with Burford Capital which is one of the key players in the legal finance industry. Hong Kong has also recently given the green light to allow third-party funding for arbitration, which is expected to bring far-reaching change to the landscape of the Hong Kong dispute resolution practice. We foresee that there will be more inquiries about third-party funding in the near future and we are happy to advise our clients with our experience.”
KC Lye, partner, Norton Rose Fulbright commented: “The new laws permitting third party funding in Singapore is but one of the various steps Singapore has taken to increase its competitiveness as the Asian centre for dispute resolution. We are pleased to offer our clients tailored solutions to take advantage of these cutting edge developments.”
For further information please contact:
Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684 893
Notes for editors:
Norton Rose Fulbright
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