Funding change
The Hong Kong Government has announced that provisions permitting third party funding in arbitrations will come into force from 1 February 2019. It has also published a code of practice for third party funding of arbitration, issued under the Arbitration Ordinance.
APIX next fintech gen
Norton Rose Fulbright is advising the ASEAN Financial Innovation Network (AFIN), formed by the World Bank’s International Finance Corporation, the Monetary Authority of Singapore and the ASEAN Bankers Association, on the establishment of a global fintech marketplace and sandboxed platform called API Exchange (APIX), hosted in Singapore.
The platform, launched recently at Singapore’s Fintech festival, will be used by fintech application developers and financial institutions in emerging markets in the ASEAN region and beyond for the trial of new fintech applications and solutions. The Norton team advising AFIN is led by partner Stella Cramer and includes partner Sheela Moorthy and David Olds, of counsel.
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