Singapore

HFW partners with LCM to secure Singapore's first domestic arbitration funding

HFW has partnered with Litigation Capital Management (LCM) to secure the first funding for a domestic arbitration in Singapore, which is now permissible following changes in Singaporean regulations.

On June 28, 2021, Singapore’s Ministry of Law announced an expansion of third-party funding (TPF) to domestic arbitration, certain proceedings in the Singapore International Commercial Court and related mediation proceedings.

The firm’s Asia Pacific construction arbitration team is advising Craft Façade, the claimant in the arbitration. The agreement between Craft and LCM covers two separate arbitrations: one in Singapore and one in Hong Kong.

HFW partner, Nick Longley, who is leading the Singapore arbitration, said:

“HFW is pleased to be partnering with LCM, one of the world’s most reputable litigation finance companies. Being a leader in international arbitration disputes across the region, we are delighted that our clients now have an alternative avenue to fund their claims.”

Roger Milburn, Investment Manager at LCM Singapore, added:

“We are delighted to partner again with HFW for this project, which is the first time a domestic arbitration has been funded under Singapore’s expanded disputes financing framework. It’s also another funding arrangement for HFW and LCM that covers more than one case for an Asia-based client, demonstrating that our portfolio funding strategy is working well in this region and provides a flexible financing solution for clients and law firms”.

Latest Updates
Related Articles
Related Articles by Jurisdiction
Data collection and early case assessment for investigations
Data collection and analysis for investigations is very different to collection for discovery or review. This article discusses the differences; how Early Case Assessment (ECA) can assist and the benefits of using review technology ...
Legal innovation Q&A with Alex Smith, Reed Smith
We speak with Alex Smith, innovation manager at Reed Smith, about rethinking legal services in Asia.
Forensic investigations, the role of corporate counsel and the rise of information governance
Head of Forensics – Erick Gunawan, discusses the Role of Corporate Counsel in the context of litigation or investigation and the increasing importance of information governance ...
Latest Articles