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ARTICLE · 10 AUGUST 2022

Conditional Fee Agreements Now Permitted In Singapore

Lawyers in Singapore are now able to enter into Conditional Fee Agreements (CFAs) in selected proceedings, including arbitration and certain Singapore International Commercial Court (SICC) proceedings.

SingaporeLitigation, Mediation & Arbitration

Lawyers in Singapore are now able to enter into Conditional Fee Agreements (CFAs) in selected proceedings, including arbitration and certain Singapore International Commercial Court (SICC) proceedings.

In January 2022, Singapore passed a bill to permit CFAs (see our post here). This bill came into effect on 4 May 2022, with the passing of the Legal Profession (Conditional Fee Agreement) Regulations.

Businesses with legitimate claims but preferring to deploy their cash flow elsewhere or share risk with their lawyers can now turn to CFAs for an alternative method of funding meritorious claims. CFAs can also help a broad range of clients to manage the cost associated with arbitrating a dispute.

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