Singapore government aims to allow third party funding for international arbitration

Singapore International Arbitration Centre (SIAC)2016 | Julio 6
Third part funding is the funding of proceedings by an entity that is not involved in the dispute, typically in return for a share of the damages received or of the settlement sum, the Ministry said.

Singapore law currently restricts the funding of proceedings to the parties involved. The law was developed to protect vulnerable litigants, to prevent the judicial system from becoming a site for speculative business ventures, and to avoid potential abuse of the court processes, the Ministry said.

Origen: Singapore government aims to allow third party funding for international arbitration

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