Singapore grants foreign law practice licenses
Allen & Overy, Clifford Chance, Latham & Watkins and Norton Rose Fulbright for five years, and has granted a license to White & Case for an initial period of one year.
Herbert Smith Freehills did not seek a renewal of its license, meaning that it’s time operating a foreign law practice in Singapore will come to an end by October 31.
“Our practice in Singapore is primarily international, working with our clients on significant cross-border matters,” said Michael Walter, Herbert Smith Freehills’s Southeast Asia managing partner, in a statement.
“We do not believe that operating under our own licence is the only way to service our clients' Singapore law requirements. The Singapore Ministry of Law has granted us a six-month extension till the end of October, after which the firm will have new arrangements in place to support our ambitions and those of our clients in Singapore and the wider region.”