Singapore legislation

Clause 10

of Legal Profession (Amendment) Bill

Clause 10

Amendment of section 130L

Section 130L of the principal Act is amended —

(a)

by deleting the words “this section” in subsections (2) and (3) and substituting in each case the words “subsection (1)”; and

(b)

by inserting, immediately after subsection (5), the following subsections:“(6) Subject to the provisions of this Part, nothing in this Act shall prevent a foreign law practice, with the approval of the Attorney-General, from —

(a)

being a shareholder in any Singapore law practice which is a law corporation; or

(b)

sharing in the profits of any Singapore law practice.(7) Every foreign law practice and every Singapore law practice referred to in subsection (6) shall comply with —

(a)

such conditions as may be prescribed; and

(b)

such conditions as the Attorney-General may think fit to impose in any particular case on the foreign law practice or Singapore law practice, as the case may be.(8) For the avoidance of doubt, for the purposes of this section and section 130M, it shall be irrelevant whether a foreign law practice is licensed under section 130B, 130C, 130D, 130E or 130F.”.