Clause 4

by inserting, immediately after subsection (10) of section 130B, the following subsections:“(11) Notwithstanding section 27 of the Companies Act (Cap. 50), a Joint Law Venture which is a limited company need not have the word “Limited” or “Berhad” as part of its name and a Joint Law Venture which is a private company need not have the word “Private” or “Sendirian” as part of its name.(12) The directors of a Joint Law Venture which is a limited company shall ensure that every invoice or official correspondence of the Joint Law Venture bears the statement that it is incorporated with limited liability.”; and

by deleting the words “resident in Singapore and practising in or employed by a foreign law firm” in paragraph (b) of section 130I(1) and substituting the words “practising in or employed by a foreign law firm, a Singapore law firm or a Joint Law Venture”.