Norton Rose Fulbright advises on first Singapore arbitration matter to be financed through third-party funding
Business | July 4, 2017
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
louise.nelson@nortonrosefulbright.com
Notes for editors:
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 4,000 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia. Following its combination with Chadbourne & Parke during the second quarter of 2017, Norton Rose Fulbright’s expanded practice now has more than 1,000 lawyers in the US.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, Toronto, Sydney and Johannesburg.
For more information, see nortonrosefulbright.com/legal-notices
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