“[Third-party funding] is no longer viewed as the preserve of smaller, cash-strapped companies in "David and Goliath" disputes.[…] Large and well-resourced commercial entities are opting to fund arbitral proceedings through third parties as a “tool of choice” to smooth their cash flow, to offset the cost and risk of the proceedings and as a means of obtaining an additional layer of due diligence on the merits of their case.”
Speech by the Hon Teresa Cheng, GBS, SC, JP, Secretary for Justice at the “Debate on Third Party Funding in Arbitration”, 13 March 2018
In the two years since Hong Kong implemented its framework for third-party funding of international arbitrations seated in Hong Kong—the last of a long line of developments in the region—the legal communities in Singapore and Hong Kong have embarked on a steep learning curve.
In the second of a two-part series on the development of the legal finance industry in Asia, representatives of leading arbitral institutions and law firms in the region will explore how the use of outside finance has impacted arbitrations in Hong Kong and Singapore.
- Eric Ng, Managing Counsel, Hong Kong International Arbitration Centre
- Kevin Nash, Deputy Registrar & Centre Director, Singapore International Arbitration Centre
- Mahesh Rai, Director, Drew & Napier LLC
- Briana Young, Foreign Legal Consultant, Herbert Smith Freehills LLP
- Quentin Pak, Director, Burford Capital (moderator)
Attendees will learn:
- The evolution of the use of legal finance in international arbitration since the introduction of the third-party funding framework
- The relationship between legal finance and global arbitration dispute resolution centers
- Looking ahead—how the legal finance industry is expected to develop in the next few years against a backdrop of forthcoming changes in the arbitration framework, including the introduction of conditional fees.
Contact Burford to learn more about this marketing event