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Third Party Funding in International Arbitration and What It Means for You: Civil Law (Amendment) Bi

February 2017 - Litigation & Dispute Resolution. Legal Developments by Drew & Napier LLC .

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1 Feb 2017

On 10 January 2017, Parliament passed the Civil Law (Amendment) Bill (No. 38/2016) (“Bill”) into law. The Bill is not yet in force and will only come into operation on a date to be notified in the Government Gazette.

The primary effect of the Bill is that third party funding for international arbitration and associated proceedings (such as enforcement proceedings in the Singapore Courts and mediation proceedings in connection with international arbitration) will be permitted, subject to some restrictions on the entities which can provide such third party funding.

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