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James MacKinnon speaks with HKIAC about legal finance in Hong Kong

In an interview for Hong Kong International Arbitration Center, James MacKinnon addresses the latest changes to the Hong Kong Arbitration Ordinance allowing third-party funding and answers questions about legal finance as well as Burford’s investment process. Mr. MacKinnon predicts that “there will be enormous demand for legal finance for arbitrations taking place in Hong Kong”. He notes differences, however, between the changes in Hong Kong and similar changes that were made in Singapore:

“Hong Kong needs to provide information as to how it intends to implement the reforms, which were passed over a year ago (and that was after a law reform process that was started in 2012). This contrasts Singapore’s rapid passage of the same legislation, and the legal finance industry that is already flourishing there.”

Read the full interview here (page 40).