Tag Archives: arbitration

Is Mainland China the Next Frontier for Litigation Finance?

At the 2018 Boao Forum for Asia, which marked the 40th anniversary of reform and ‘open markets’ (at least relatively speaking) in China, President Xi Jinping remarked that China will enter into a “new phase of opening up” and outlined a number of key reform measures for the world’s second largest economy, which he plans […]

United Arab Emirates Advances New Arbitration Law 

Lawmakers for the United Arab Emirates have approved a long-awaited draft federal arbitration law, the country’s official news agency has reported. The UAE’s Federal National Council approved the draft arbitration law on Tuesday, the Emirates News Agency said. Once the law is finalized, it will apply to all arbitrations within the country as long as […]

Singapore Amends ICC to Strengthen International Arbitration Status

Singapore has amended its International Commercial Court in order to strengthen its status as a hub of international arbitration. According to Lexology, on January 9th, 2018, the Supreme Court of Judicature passed amendments which clarify that the Singapore International Commercial Court (“SICC”) has jurisdiction to hear proceedings relating to international commercial arbitration, and also abolish the pre-action certificate […]

Fiji’s International Arbitration Act 2017

Fiji’s International Arbitration Act 2017

On 15 September 2017,Fiji passed the International Arbitration Act 2017 (the Act). The Act, which is based on the United Nations Commission on International Trade Law on International Commercial Arbitration 1985 (incorporating the 2006 amendments) (Model Law), implements Fiji’s commitments under the Convention on Recognition and Enforcement of Foreign Arbitral Awards 1958 (New York Convention), […]

Britain, Singapore in ‘premier league’ of litigation and arbitration centres

Britain, Singapore in 'premier league' of litigation and arbitration centres

Singapore and Britain are home to successful international legal centres because they have an open and liberal approach to providing legal services. And given their close trade links and shared perspectives, both countries stand to learn from each other, said Advocate-General for Scotland Richard Keen. Lord Keen, 63, who is also Britain’s Ministry of Justice […]

Litigation Funding Firm Burford Capital Launches Singapore Office

Litigation funding firm Burford Capital has opened a new Asian office in Singapore with the hire of a former Allen & Overy lawyer.Director Quentin Pak will join the firm on Oct. 30 from the Commonwealth Bank of Australia where he was an executive director leading the commodities businesses in Asia.

Hong Kong allows third party funding for arbitration

Hong Kong allows third party funding for arbitration

Following the consultation paper issued by the Third Party Funding for Arbitration Sub-Committee of Hong Kong’s Law Reform Commission (LRC) in October 2015 and recommendations made by the LRC in its report dated 12 October 2016, the Legislative Council of Hong Kong passed the Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Bill 2016 on […]