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Singapore is poised to become the first jurisdiction in Asia to introduce legislation permitting the use of third-party funding in international arbitrations and related proceedings. This follows the passing of the Civil Law (Amendment) Bill by the Singapore Parliament on Jan. 10, 2017.
In this article, we explain what third-party funding is and how it can soon be utilized to reduce the risks and costs involved in resolving cross-border disputes in Singapore.
Read "Singapore Has Boosted Its Arbitration-Friendly Reputation."