Paving The Way For Third-Party Dispute Resolution Funding In Singapore

The Civil Law (Amendment) Act 2017

In 2017 Parliament aligned Singapore with other leading arbitration jurisdictions, such as London, Paris and Geneva, in embracing third-party funding as a viable method in increasing the access to justice of parties involved in specific arbitration proceedings. The Civil Law (Amendment) Act 2017 (the Amendment Act) was passed by Parliament on 10 January 2017 and, along with the Civil Law (Third-Party Funding) Regulations 2017 (the Funding Regulations), came into force on 1 March 2017. These laws abolished the tort of maintenance and champerty and legalised third-party funding in relation to international arbitration proceedings, and related court and mediation proceedings.