Firms Eye Singapore Mergers Warily Under New Equity Rules

Law360, New York (April 25, 2012, 8:30 PM EDT) -- Singapore's efforts in recent years to liberalize its legal sector have drawn a host of international firms to its borders, but a new equity-sharing rule aimed at encouraging cross-border tie-ups may pose obstacles to large foreign firms looking to pursue merger partners in the country, experts say.

With 112 registered foreign law practices as of December 2011, the city-state has managed to nearly double the number of foreign law firms there since 2000 through policy amendments and a strong economy. While foreign firms have long been...
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