Access to Singapore justice

Woodsford Litigation Funding Limited has welcomed proposals from the Singapore Ministry of Law to open up access to justice in arbitral proceedings. The funders say the proposals would remove the antiquated principles of maintenance and champerty in Singapore, and permit third-party funding of arbitrations. They have urged the Ministry of Law to go further, and permit third party funding of high value, commercial litigation, particularly where the parties are legally represented. Woodsford’s chief investment officer, Steven Friel says: “We foresee plenty of demand for third-party litigation funding in Singapore.”