Singapore: Litigation, Mediation & Arbitration

A Singapore International Commercial Court case examines whether third-party funding costs can be recovered from the losing party in arbitration, raising critical questions about the boundaries between litigation costs and financing arrangements. When a US$14.7 million arbitration award was nearly entirely consumed by US$14.6 million in funding costs, the successful claimants challenged the tribunal's refusal to order cost recovery. The court's decision illuminates the evolving global framework governing th