Legal Profession (Law Practice Entities) Rules 2015 · As enacted · Part 6 · Joint Law Ventures, Formal Law Alliances, Foreign Law Practices, Representative Offices and Foreign Interests in Singapore Law Practices
67. Separate liability
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Each licensed foreign law practice in a foreign group practice —
is liable for the debts and liabilities of that licensed foreign law practice; and
must keep the manager (if any) of and other licensed foreign law practices in the foreign group practice, and the estates of the manager (if any) and of every sole proprietor or partner of any other licensed foreign law practice (being a sole proprietorship or partnership) in the foreign 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 licensed foreign law practice in a foreign 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.
Paragraph (2) does not apply to a licensed foreign law practice if the licensed foreign law practice —
is a barrister’s chambers;
practises only foreign law; and
does not do anything referred to in rule 59(6)(a) to (d) or (8)(a), (b) or (c).
Subregulation 1
Each licensed foreign law practice in a foreign group practice —
is liable for the debts and liabilities of that licensed foreign law practice; and
must keep the manager (if any) of and other licensed foreign law practices in the foreign group practice, and the estates of the manager (if any) and of every sole proprietor or partner of any other licensed foreign law practice (being a sole proprietorship or partnership) in the foreign group practice, indemnified against those debts and liabilities and against all actions, proceedings, costs, claims and demands in respect of those debts and liabilities.
Subregulation 2
Each licensed foreign law practice in a foreign 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.
Subregulation 3
Paragraph (2) does not apply to a licensed foreign law practice if the licensed foreign law practice —
is a barrister’s chambers;
practises only foreign law; and
does not do anything referred to in rule 59(6)(a) to (d) or (8)(a), (b) or (c).