Singapore legislation
Clause 12
Clause 12
Amendment of section 130W
Section 130W(2) of the principal Act is amended —
by deleting “130L” in paragraphs (q), (s) and (u) and substituting in each case the words “130L(1) or (6)”;
by deleting “130L” in paragraph (v)(ii) and substituting “130L(1)”; and
by deleting paragraph (w) and substituting the following paragraph:“(w)to provide for measures to ensure compliance with the requirements of section 130L, including —
measures requiring any foreign lawyer who is a shareholder or partner in a Singapore law practice to divest himself of his shares or interests in the Singapore law practice; and
measures requiring any foreign law practice which is a shareholder in a Singapore law practice to divest itself of its shares in the Singapore law practice;”.