Woodsford Litigation Funding, a global provider of litigation solutions for businesses, individuals and law firms, hired an indepdendent arbitrator based in Hong Kong for its Investment Advisory Panel.
Simon Powell was a senior partner in a number of leading global law firms, including most recently Latham & Watkins, where he managed the Hong Kong office for a number of years and built and then led the disputes and arbitration practice across Asia. Now he has joined Woodsford Litigation Funding, according to a media release sent on Wednesday.
Founded in 2010 and with offices in London, Philadelphia and Singapore, the firm provides tailored litigation financing solutions for businesses, individuals, and law firms.
Complex Commercial Disputes
Powell has spent the last 27 years of his life as an arbitration and dispute resolution lawyer in Asia, focusing on complex commercial and corporate disputes. This experience will be invaluable for Woodsford in assessing the increasing number of investment opportunities emanating from the region, particularly now that Hong Kong has changed its law to permit funding of arbitration.
«As various countries across Asia have liberalised their funding regimes, we have seen a significant increase in the number of requests for funding. We expect this growth to continue apace and the need for a dedicated Asian arbitration expert on our IAP has become increasingly apparent,» Charlie Morris, Woodsford’s Chief Investment Officer, EMEA & APAC, said
Changes in Hong Kong
Woodsford recently announced a wave of executive appointments in the U.S. and is currently recruiting for a number of other posts, including a Business Development Manager (Singapore).
«With Hong Kong permitting arbitration funding from February 1st and a continuing increase in interest in funding for Singapore-based arbitrations, I look forward to playing my part in establishing Woodsford as the leading funder in the region,» Simon Powell added.
