Many international law firms in South East Asia were overjoyed late last year by Singapore’s announcement that it is to allow foreign firms to practice Singaporean law. The move is one of three key recommendations aimed at liberalising the legal market and will see the government grant licenses to practice Singaporean law through employing Singapore-qualified lawyers. The government has promised further liberalisation.
On www.thelawyer.com, the first of our special reports concerns a practice-specific development for law firms in the country: the new rules governing the Singapore International Arbitration Centre (SIAC). The second report concerns the intellectual property issues surrounding the region’s growing problem of ‘shadow companies’ that adopt soundalike names to famous brands. The third report, which follows, explains what lawyers acting for investors need to know about changes to Indonesian M&A legislation.