Regulation 54

each foreign law practice and each Singapore law practice must have relevant legal expertise and experience which are acceptable to the Director of Legal Services in any of the following areas of legal practice:

banking law;

finance law;

corporate law;

technology law;

telecommunications law;

arbitration;

intellectual property law;

maritime law;

any other areas of legal practice that facilitate or assist in the growth and development of the Singapore economy;

each foreign law practice must have 5 or more foreign lawyers resident in Singapore, each of whom has at least 5 years of relevant legal expertise and experience in any of the areas of legal practice referred to in sub‑paragraph (a);

at least 2 of the foreign lawyers referred to in sub‑paragraph (b) must be equity partners in the foreign law practice or, in the case of a foreign law practice constituted as a corporation, equity holding directors of the foreign law practice;

each Singapore law practice must have 5 or more solicitors, each of whom has at least 5 years of relevant legal expertise and experience in any of the areas of legal practice referred to in sub‑paragraph (a);

at least 2 of the solicitors referred to in sub‑paragraph (d) must be equity partners in the Singapore law practice or, in the case of a law corporation, equity holding directors of the law corporation;

the applicants have entered into a written agreement to form a Formal Law Alliance and, if requested, must submit a copy of such agreement to the Director of Legal Services; and

the applicants must submit an agreed written business plan describing the objectives of the Formal Law Alliance and the implementation of the business plan (including plans to transfer legal and other related skills, expertise, know-how or technology of any foreign law practice which is a member of the Formal Law Alliance to any Singapore law practice which is a member of the Formal Law Alliance).

any period spent attending any course of instruction, course of study or postgraduate education not required to satisfy any applicable requirements relating to continuing professional development; and

any period spent in serving any articles, period of pupillage, practice training period or other period of supervised training in relation to the practice of law (by whatever name called).