White & Case has decided against its merger with Venture Law in Singapore. The two firms were previously in a formal alliance since 2003. Before December 2008, the only way for a foreign firm to do business in Singapore was through such an alliance with a national firm. The Singaporean Government announced last December that foreign firms are now allowed to practice on their own as long as they receive the Qualifying Foreign Law Practice license. For this reason, many firms have ended their formal relationships with other Singaporean firms. The following firms have received their licenses: White & Case, Allen & Overy, Clifford Chance, Herbert Smith, Latham & Watkins and Norton Rose.
Source: www.amlawdaily.typepad.com
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