Creditor can fund joint investigations as Singapore court weighs in on third-party funders’ profits
Credit: Shutterstock.com/GlenPhoto
The liquidators of a licensed foreign law practice in Singapore and the bankruptcy trustee of its sole shareholder have secured court approval of a third-party funding agreement with a member of the firm's committee of inspection, in a decision that sheds light on the type of acceptable deals and range of profits a funder can make.
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