http://www.bloomberg.com/apps/news?pid=20601102&sid=aS6aOikDhoJg
Bloomberg.com, 11 Aug 2009
Singapore Won’t ‘Turn Back,’ Will
License New Foreign Law Firms
Aug. 11 (Bloomberg) -- Singapore, which allowed six foreign law
firms to practice local corporate law in December, will award more
licenses as soon as next year if that would help the economy, Law
Minister K. Shanmugam said.
“The direction has been
set and we don’t intend to turn back,” he said in
an interview. The government will review the progress of its
liberalization program in the first six months of 2010 and
could award more licenses
then if the market can “digest them,” he
said.
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