Singapore legislation
Section 138
Section 138
Licensing of limited liability law partnerships
(1)
A solicitor who wishes to have a limited liability partnership or a proposed limited liability partnership licensed as a limited liability law partnership must apply to the Director of Legal Services for —
the issue of a limited liability law partnership licence to the limited liability partnership or proposed limited liability partnership; and
the approval of the name or proposed name of the limited liability law partnership.
(2)
An application under subsection (1) must be made in accordance with rules made under section 150.
(3)
Subject to the provisions of this Division, the Director of Legal Services may, on receiving an application under subsection (1), issue a limited liability law partnership licence to the limited liability partnership or proposed limited liability partnership, if the limited liability partnership or proposed limited liability partnership satisfies such requirements as may be prescribed.
(4)
Every limited liability law partnership licence issued under subsection (3) is subject to —
such conditions as may be prescribed; and
such conditions as the Director of Legal Services may think fit to impose in any particular case.
(5)
If the Director of Legal Services issues a limited liability law partnership licence to a proposed limited liability partnership, the licence is not in force until the limited liability partnership is registered under the Limited Liability Partnerships Act 2005.
(6)
A limited liability law partnership must pay to the Director of Legal Services such licence fee at such times and in such manner as may be prescribed.
(7)
Every limited liability partnership which was approved as a limited liability law partnership, under the repealed section 81Q as in force immediately before 18 November 2015, and which continued to exist as such limited liability law partnership immediately before that date, is deemed to be licensed under this section, subject to the conditions mentioned in subsection (4)(a) and any conditions that the Director of Legal Services may think fit to impose in any particular case, with effect from that date.
(8)
The Society may transfer to the Director of Legal Services the particulars of and any documents relating to any limited liability partnership referred to in subsection (7), and the Director of Legal Services may, upon receiving those particulars and documents, issue a limited liability law partnership licence to that limited liability partnership, without any action on the part of that limited liability partnership.
(9)
With effect from 18 November 2015, any application which was made before that date under the repealed section 81Q(1) as in force immediately before that date, and which is pending immediately before that date, is deemed to be an application under subsection (1).
(10)
The Society may transfer to the Director of Legal Services the particulars of and any documents relating to any application mentioned in subsection (9).