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18 May 2017

SIArb Guidelines for Third Party Funders

SIArb released its draft Guidelines for Third Party Funders for public consultation on 28 February 2017. This was followed by a lively seminar on Third Party Funding with panelists from SIArb, the Law Society and the Singapore International Arbitration Centre in March 2017. A number of law firms and third party funders have written in with their helpful comments on the draft Guidelines. Following the consultation period, SIArb has finalised its Guidelines for Third Party Funders on 18 May 2017.

Please download the Guidelines HERE and Accompanying Notes HERE.


PRESIDENT'S MESSAGE

March 2017

The Singapore Institute of Arbitrators greeted 2017 with a flurry of activities.

SIArb continues to be blessed with the generosity of leading arbitrators sharing their knowledge through the SIArb platform. In a January 2017 seminar moderated by Mr Francis Goh, Mr David Bateson and Ms Marion Smith QC teased the audience with questions on the continuing viability of arbitration in the seminar, "Is the End of the Arbitration World Coming in 2017?" I trust it is not, well at least not this year. That was followed by a stimulated "Tylney Hall-styled” session presented by Dr Michael Hwang, SC and Prof Lawrence Boo in February 2017, where the two Singapore lights exchanged views on a range of prickly arbitration issues.

SIArb is one of the key organisations working on the new Third Party Funding framework in Singapore. Legislation governing third party funding is supplemented by guidelines or practice notes issued by industry stakeholders. Thus, SIArb has released its draft Guidelines for Third Party Funders for public consultation. The Law Society is issuing its Practice Note for Practitioners and SIAC has its Practice Note for Arbitrators. A well-attended seminar on Third Party Funding to discuss the proposed best practices in March 2017 generated a lively debate and valuable feedback from the participants. I moderated the session which was led by Dinesh Dhillon on behalf of SIArb, Mr Thio Shen Yi, SC for the Law Society and Ms Delphine Ho, the Registrar of SIAC.

Read More

 

Chan Leng Sun S.C.
President,
SIArb 2013-2017

28 February 2017

Public Consultation on SIArb Guidelines for Third Party Funders

The Civil Law (Amendment) Act (CLA) and the Civil Law (Third-Party Funding) Regulations 2017 (CLA Regulations) to facilitate third party funding of Singapore-seated international arbitrations and related court or mediation proceedings take effect from 1 March 2017. This statutory framework is meant to be supplemented by industry-led guidelines to promote best practices amongst stakeholders.

The Singapore Institute of Arbitrators (SIArb) is working on Guidelines for Third Party Funders to complement the third party funding regime in Singapore. A draft of the Guidelines is released HERE for public consultation. Feedback is welcome and should be submitted to SIArb by letter emailed to the SIArb Secretariat at This email address is being protected from spambots. You need JavaScript enabled to view it. by 31 March 2017.


20 February 2017

Discontinuation of Continuing Professional Development (CPD) Return Form

We will be discontinuing the current practice of requiring submission of the annual Continuing Professional Development (CPD) Return forms to SIArb by Panel Arbitrators with immediate effect.
SIArb Panel Arbitrators will continue to have the individual responsibility, on an honour basis, to engage in continuing professional development activities to remain equipped to serve as arbitrators on the Panel, as per the Panel Arbitration CPD Points Guidelines HERE.


24 January 2017

SIArb E-Newsletter

SIArb is pleased to announce that its newsletter has gone fully online, and the hardcopy edition has been replaced with an e-newsletter.

We will continue to bring you quality content and timely updates, delivered right to your inbox.

Click HERE to read our latest issue. Read our other issues HERE

Should any member have any contributions to make to the e-newsletter, please email This email address is being protected from spambots. You need JavaScript enabled to view it.


 

 

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