28 Jun 2022

Arbitration insights from Singapore - June 2022

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Disputes funding: legislative changes sweep Hong Kong and Singapore

Stephenson Harwood's latest arbitration insights examine the status of disputes funding in the Asia Pacific region, with a particular focus on the recent developments in Hong Kong with the Practitioners Legislation (Outcome Related Fee Structures for Arbitration) (Amendment) Bill 2022, and Singapore with the Legal Profession (Amendment) Act.

There is a growing demand for flexibility when it comes to funding disputes in the Asia Pacific region, and the market has, accordingly, adapted to provide a wide range of solutions. Through use of dispute funding and/or outcome related fee structures, businesses are now able to rethink how they approach the financial risks of litigation.

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KEY CONTACT

Lauren Tang

Lauren Tang
Managing partner at Virtus Law

T:  +65 6835 8664 M:  Email Lauren | Vcard Office:  Singapore