It has been a game-changing year for litigation funding in Asia. The region’s two dispute resolution centers—Singapore and Hong Kong—both passed legislation permitting third-party funding for arbitration cases, a move that is prompting global legal financiers to aggressively seize new opportunities.

In early October, New York-based Burford Capital announced the opening of a Singapore office. And in July, the firm took on its first international arbitration case in Singapore, working alongside Norton Rose Fulbright.