As part of its efforts to become the Asian region’s leading centre for disputes, Singapore is looking to usher in third-party funding for arbitration

Singapore’s parliament has passed two separate bills – the Civil Law (Amendment) Bill 2016 and the Civil Law (Third-Party Funding) Regulations 2016, clearing the way for third-party funding (TPF) in certain areas of dispute resolution.

Singapore may soon see third-party funding for international arbitration, after its law ministry recently proposed enacting a framework regulating the same.