46. Separate liability

Each Singapore law practice in a Singapore group practice —

is liable for the debts and liabilities of that Singapore law practice; and

must keep the manager (if any) of and other Singapore law practices in the Singapore group practice, and the estates of the manager (if any) and of every sole proprietor or partner of any other Singapore law practice (being a law firm) in the Singapore group practice, indemnified against those debts and liabilities and against all actions, proceedings, costs, claims and demands in respect of those debts and liabilities.

Each Singapore law practice in a Singapore group practice must bear its own professional indemnity insurance premiums, accountancy and audit costs, and, where applicable, professional and similar subscriptions and levies payable to the Society and the Academy.

Each Singapore law practice in a Singapore group practice —

is liable for the debts and liabilities of that Singapore law practice; and

must keep the manager (if any) of and other Singapore law practices in the Singapore group practice, and the estates of the manager (if any) and of every sole proprietor or partner of any other Singapore law practice (being a law firm) in the Singapore group practice, indemnified against those debts and liabilities and against all actions, proceedings, costs, claims and demands in respect of those debts and liabilities.

Each Singapore law practice in a Singapore group practice must bear its own professional indemnity insurance premiums, accountancy and audit costs, and, where applicable, professional and similar subscriptions and levies payable to the Society and the Academy.