Bloomberg.com, 11 Aug 2009
Aug. 11 (Bloomberg) -- Singapore, which allowed six foreign law firms to practice local corporate law in December, will award more licenses as soon as next year if that would help the economy, Law Minister K. Shanmugam said.
“The direction has been set and we don’t intend to turn back,” he said in an interview. The government will review the progress of its liberalization program in the first six months of 2010 and could award more licenses then if the market can “digest them,” he said.
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