Legal News

Third-party funding in arbitration—a view from Singapore

Published on: 19 October 2017
Published by: LexisPSL
  • Third-party funding in arbitration—a view from Singapore
  • Original news
  • What is your experience of funding in arbitrations, whether by the new funders or by insurers?
  • How has the new third-party funding legislation in Singapore affected the sectors in which your clients operate, and what do you think the prospects are for third-party funding in those sectors?
  • What are your views on the task force’s draft report and on the ‘principles’ which it proposes?
  • How do the principles fit with the regulatory steps taken in Singapore, eg by the Singapore International Arbitration Centre (SIAC) and the Singapore Institute of Arbitrators?
  • What comments do you have on the task force’s treatment of insurance, including for conflicts assessment purposes?
  • What comments do you have on the task force’s proposed carve-out for funding in maritime arbitrations and the rationale for it?

Article summary

Arbitration analysis: Barry Stimpson, managing partner of Reed Smith’s Singapore office, considers the ICCA–Queen Mary Task Force ‘Draft report on third-party funding in international arbitration’, and finds that although the principles the report proposes are to be welcomed, there seems little rationale behind the proposed carve-out for funding in maritime arbitrations. or take a trial to read the full analysis.

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