The Price is Right? Third party funding in Hong Kong and its potential impact on the construction industry

作者/编者:Paul Starr (Partner), James McKenzie (Associate), Nicholas Lee (Trainee Solicitor)
作者单位:金杜律师事务所
创作年代:2016
出处/来源:金杜律师事务所
学科分类:民事诉讼法与仲裁法学
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摘要

In the recently released “Report on Third Party Funding for Arbitration” (“Report”), the Law Reform Commission has recommended that the Arbitration Ordinance be amended to permit third party funding in arbitration, mediation and litigation proceedings under the Arbitration Ordinance. Though the reform still awaits passage through Hong Kong’s Legislative Council, should it go ahead it is likely to herald a flurry of activity in the funding space, with several funders having already set up shop in Hong Kong over the past 18 months in anticipation of the reform. The reform is also likely to have a significant impact on the construction industry which continues to rely on arbitration, mediation and litigation proceedings under the Arbitration Ordinance as its primary means of dispute resolution. This article discusses the background to and results of the Report some of the key takeaways for the construction industry in Hong Kong.

关键词: Third Party Funding; The Construction Industry; Hong Kong

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