23 June 2021
The Singapore Ministry of Law confirmed on Monday (21 June) the extension of rules allowing third party funding in Singapore to matters beyond simply those involving international arbitration and related mediation. From 28 June 2021, third party funding will also now be available to parties involved in domestic arbitration and related mediation as well as certain cases heard in the Singapore International Commercial Court (SICC). The SICC is a division of the Singapore High Court which uses international judges as well as Singapore judges to deal with transnational commercial disputes governed by both Singapore and foreign law.
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