IMF Bentham funds its first international commercial arbitration in Singapore
IMF Bentham Limited has agreed to finance its first international commercial arbitration in Singapore. It is one of the first known examples of funded international arbitration in Singapore since the city-state passed new laws facilitating the use of third-party funding last year.
In March 2017, Singapore amended its Civil Law Act to abolish the torts of maintenance and champerty in Singapore which have historically prevented third-party funding in many common-law jurisdictions. The accompanying regulations expressly permit the funding of international arbitration and related court proceedings in Singapore.
The full press release can be found here.