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ARTICLE · 24 MAY 2022

Conditional Fee Arrangements Now Permitted In Singapore For SIAC Arbitrations And SICC Proceedings

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Singapore recently lifted the ban on conditional fee agreements ("CFAs") in proceedings before the Singapore International Arbitration Centre ("SIAC") and certain proceedings in the Singapore...

SingaporeLitigation, Mediation & Arbitration

Singapore recently lifted the ban on conditional fee agreements ("CFAs") in proceedings before the Singapore International Arbitration Centre ("SIAC") and certain proceedings in the Singapore International Commercial Court ("SICC").

Features of the New CFA Framework 

From 4 May 2022, lawyers in Singapore can enter into CFAs with clients for international and domestic arbitration proceedings (including arbitrations conducted under the SIAC rules) and certain proceedings in the SICC. CFAs are defined by the Legal Profession (Conditional Fee Agreement) Regulations 2022 ("CFA Regulations") to mean agreements providing for the remuneration and costs in respect of contentious proceedings conducted by lawyers in Singapore to be payable only in specified circumstances. Examples of CFAs permitted by the new framework include "win, more fee", "no win, no fee", and "no win, less fee" agreements. 

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