Singapore reaffirms the applicability of legal finance in corporate insolvencies

Quentin Pak of Burford Capital reports that the Singapore High Court has recently allowed the liquidator of insolvent Castlewood Group to enter into a litigation funding arrangement, with the court’s brief remarks on the decision providing another indication that the use of legal finance in insolvency is becoming more established in Singapore in Singapore reaffirms the applicability of legal finance in corporate insolvencies.