The government of Singapore has said it will delay the renewal process for five international firms’ licences to practice local law in the city-state, instead deciding to extend their licences by a year.
A notice published by the Ministry of Law last month said magic circle firms Allen & Overy and Clifford Chance, US firms Latham & Watkins and White & Case and international firm Norton Rose Fulbright will have their licences extended to 2020 while the government decides whether to renew them and how long they will last.
The ministry said it will assess the ’performance and contribution’ of each firm to Singapore and their respective proposals.
The firms all operate in Singapore under the Qualifying Foreign Law Practice (QFLP) scheme. The QFLP programme, which has been in operation for a decade, enables foreign practices to hire Singapore-qualified lawyers and give Singaporean law advice.