Two Bills passed to boost Singapore’s position as dispute resolution hub

Legislacion2017 | Enero 10
Parliament on Tuesday (Jan 10) passed into law two bills – the Civil Law Amendment Bill and the Mediation Bill – to bolster Singapore’s position as a dispute resolution hub.

The former allows third-party funding to finance international commercial arbitration, while the latter beefs up enforcement of mediated settlements to support international commercial mediation.

 Previously, the law prevented parties which had no interest in arbitration proceedings from giving assistance. But with the Civil Law Amendment Bill, there is now a framework for third-party funding in Singapore.

Origen:
Two Bills passed to boost Singapore’s position as dispute resolution hub – Channel NewsAsia

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