Singapore Explores Third-Party Funding
Singapore recently introduced new proposed legislation, the Public Consultation on the Draft Civil Law (Amendment) Bill 2016 and Civil Law (Third Party Funding) Regulations 2016, which would allow third-party funding in disputes. If enacted, Singapore would join popular international arbitration jurisdictions such as England and Australia and benefit from increased arbitration activity and investment. The Singapore Ministry of Law's feedback period on the proposed legislation began on 30 June 2016 and closes 29 July 2016.
Key Features of the Civil Law (Amendment) Bill 2016
The Civil Law (Amendment) Bill 2016:
Abolishes the common law tort of champerty and maintenance in Singapore. Allows...
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