Global, sector-focused law firm HFW has partnered with Litigation Capital Management Limited (LCM) to secure the first funding for a domestic arbitration in Singapore, which is now permissible following changes in Singaporean regulations.
Sophy Woodward of HFW recaps the rapid changes that have occurred in the past few years across the class action and litigation funding landscape in Australia and notes that the most significant impact of these developments has been a marked decrease in the number of class actions funded by litigation funders. In 2019 59% of class actions were known to have received third party funding. In 2020 the figure was approximately one third, despite more class actions being filed. Read more.