Law360, New York (February 15, 2012, 11:09 PM ET) -- The Singapore Ministry of Law on Tuesday proposed changes to the nation-state’s legal practices to allow foreign law firms to share profits and invest in equity shares in Singapore law firms as part of a strategy to promote expansion opportunities in the country.
Under the new rules, foreign law firms can take up to a 33 percent share in the profits and equity of their Singaporean counterparts, according to a statement by the Southeast Asian nation’s law ministry Tuesday.
“The legal services market today is a...
Singapore Eyes Profit Sharing To Build Ties With Foreign Firms
To view the full article, take a free trial now.
