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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

June 2017

I trust that those who attended this year's Members' Nite in April were pleased with the venue at VLV Singapore. Our Vice-President Dinesh Dhillon held court and welcomed new and existing members. The stylish and newly renovated heritage building at Clarke Quay was a perfect place to unwind and renew acquaintances..

Singapore's Third Party Funding regime is now firmly in place. The Civil Law (Amendment) Act (CLA) and the Civil Law (Third-Party Funding) Regulations 2017 are supplemented by the Law Society's Guidance Note 10.1.1 on Third Party Funding, the SIAC Practice Note on Arbitrator Conduct in Cases Involving External Funding and the SIArb Guidelines for Third Party Funders which were launched on 18 May 2017. We have taken on board suggestions that SIArb should offer third party funders an opportunity to declare their support for the Guidelines. Those who do will be acknowledged on the SIArb website as being a supporter of the Guidelines. I am pleased that some leading Third Party Funders have already come on board. I thank Dinesh Dhillon, Tay Yu-Jin and Sapna Jhangiani who worked with me on the SIArb Guidelines.

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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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