In this June, a long-awaited law was passed and enacted by the Hong Kong Legislative Council, clearing the way for third parties to fund arbitration in Hong Kong. Under the new law, a third party funder is allowed, under a funding agreement in writing, to provide arbitration funding to a funded party, in return for the funder receiving a financial benefit only if the arbitration is successful within the meaning of the funding agreement. Certain issues are worth noting, amongst other things...
