Plans to move forward with the long-awaited liberalization of the Singapore legal market have been met with a lukewarm reaction from international firms operating in the jurisdiction, who say the new recommendations do not go far enough to open up the restrictive Asian market.
The Singapore government announced on Thursday that it will accept proposals made by a special committee to liberalize its legal sector, including a scheme to offer five foreign firms a license to practice local law by employing Singapore-qualified lawyers.
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