Rachel Low LLC
1 Contributions by Rachel Low LLC Experts
PRACTICE NOTES
Third-party funding in Singapore arbitration
This Practice Note centres on the statutory scheme governing third-party funding in Singapore arbitration, together with guidance derived from case law and relevant soft law instruments. For an overview of third-party funding in international arbitration generally, see Practice Note: Third-party funding and arbitration.
Since its legalisation in 2017, the use of third-party funding has grown across Singapore litigation and arbitration. Although not novel to international arbitration, leading arbitral hubs—including London, Paris and Geneva—have long allowed such funding.
Singapore’s statutory framework was introduced in 2017 and, under section 5B of the Civil Law Act, applied to specified dispute resolution proceedings. At the outset, this captured international arbitration and court or mediation proceedings associated with that arbitration.
In 2021, the Civil Law (Third-Party Funding) (Amendment) Regulations 2021 broadened the regime to domestic arbitration proceedings, certain proceedings before the Singapore
Arbitration
If you expected to see yourself on this page, click here.
