Pranav Mago, a former head of South Asia for the Singapore International Arbitration Centre, recently established a litigation finance consultancy called ELF Partners in Singapore.
According to Mago, litigation finance, or third-party funding of litigation that helps level the playing field between parties, is a relatively recent development in arbitration in Asia.
While it is relatively unknown in India, an Indian Association for Litigation Finance was launched in February, in what may be a sign of growing interest. ELF Partners has teams in Singapore and India.
