Alternative fee arrangements, Conditional fee agreements, Costs in arbitral proceedings, Disclosure, Hong Kong, Singapore, Third party funding
Alternative Fee Arrangements with Counsel: What Should be Noted by Arbitration Users?
International arbitration is reputed for its flexibility shaped by the underlying principle of party autonomy. Past years have witnessed the development of various types of funding arrangements for arbitration users, including third-party funding (“TPF”) and, most recently, alternative fee arrangements with counsel (“AFAs”) in Singapore and Hong Kong. While these new initiatives undoubtedly increase flexibility…