A New Deal on Legal Costs? CFAs and Third-Party Funding in Asia

10 May 2022

Singapore & Online English, no translation
10.00 (CEST) | 16.00 (Singapore)

Join us as we discuss the recent development of Conditional Fee Arrangements (“CFAs”), other third-party funder existing products, as well as cost recovery for third-party funders how clients can meaningfully defray upfront legal costs and share risk with their lawyers.

Earlier this year, the Singapore government enacted legislation to allow Conditional Fee Arrangements (“CFAs”), which will likely apply to international arbitrations seated in Singapore and elsewhere, and other selected dispute resolution proceedings. This provides a way for parties to reduce or reallocate (some of) the upfront cost of their dispute.

It is therefore timely that this development be examined closely. What are the prevalent options used internationally? Are they all variations of “No win, No fee/Less fee” arrangements? The panellists, all of whom are well known in this space, will provide a practical perspective on how clients can meaningfully defray upfront legal costs and share risk with their lawyers. The principles and limitations of the present regime will be illustrated through the lens of case studies. The speakers will also examine how the framework in Singapore compares to other jurisdictions such as Hong Kong, Australia and England, and discuss the value that this framework can bring from a business perspective.

This development will be examined alongside other existing products offered by third-party funders (for example, funding and “After The Event” insurance) as well as cost recovery for third-party funders. The panellists will also share their practical tips on managing costs for CFAs and third-party funding more generally. 

Please note participants can choose to attend the event in-person* at Maxwell Chambers, or online via Zoom.

*There may be limited capacity for the in-person event. With the easing of regulations in Singapore, we hope to allow more participants to join us in person. More details to be advised later for the in-person option. 

Who should attend?

This seminar is for CFOs, in-house and private practice lawyers. Apart from an overview on the legal aspects of the above issues, attendees are also set to learn about how the ICC is equipped to facilitate the resolution of these disputes.

*Singapore Time Zone

16:00 – 16:10

Introductory comments

  • Claudia Salomon, President, ICC International Court of Arbitration
  • Alexander G. Fessas, Secretary General, ICC International Court of Arbitration

16:10 – 17:20

Introduction of speakers and panel discussion

  • Andrew Battisson, Partner, Norton Rose Fulbright, Singapore
  • Kathryn Sanger, Partner, Herbert Smith Freehills, Hong Kong
  • Ruth Stackpool-Moore, Investment Manager, Omni Bridgeway, Singapore
  • Wong Taur-Jiun, Head of Legal & Compliance, Rabobank, Singapore

Moderator:

Katie Chung, Partner, Norton Rose Fulbright, Singapore

17:20 – 17:30

Q&A and Closing Remarks

17:30 onwards

Networking over drinks & canapes (for in person attendees)

Andrew Battisson

Partner, Norton Rose Fulbright, Singapore

Katie Chung

Partner, Norton Rose Fulbright, Singapore

Alexander G. Fessas

Secretary General, ICC International Court of Arbitration; Director, Dispute Resolution Service

Claudia Salomon

President, ICC International Court of Arbitration

Kathryn Sanger

Partner, Herbert Smith Freehills, Hong Kong

Ruth Stackpool-Moore

Investment Manager, Omni Bridgeway, Singapore

Taur-Jiun Wong

Head of Legal & Compliance, Rabobank, Singapore

Date and venue

10 May 2022

Hybrid

Online: Zoom

In-Person

Venue: Maxwell Chambers in Singapore, Singapore

Address: Maxwell Chambers, 32 Maxwell Road, Singapore 069115

This event will be held in hybrid format. There are limited seats for seventy (70) participants for in-person attendance at Maxwell Chambers, Singapore.

Please register on/or before 4 May 2022 to secure your spot. The registration for online attendance will remain open until 9 May 2022.

Registration Free of charge
Working language English, no translation

For further information, please contact:

ICC DRS SouthAsia

Co-Organisers

Supporting organisations

Sponsors

Registration