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It’s only a week before the 18th National Congress of the Communist Party of China commences in Beijing, where the country’s once-in-a-decade leadership transition will take place. The event has already drawn global attention to China.
There have been some mixed messages in Asia over the past week. First came Freshfields’ highly-anticipated relaunch in Singapore, confirming the city state’s importance. Then there was Clifford Chance’s shocking move to ask its Singapore capital markets associates to take voluntary sabbaticals, responding to a drop in demand in the market.
Freshfields Bruckhaus Deringer first revealed its plans to relaunch in Singapore some months ago. But the firm has now leased a 8,000 sqft office in Singapore, suggesting the reopening is both imminent and serious.