Ministry of Law Grants Charles Russell Speechlys Green light for Singapore Expansion
Charles Russell Speechlys paves the way for expansion into Singapore, with successful FLP licence application. Charles Russell Speechlys has been granted approval by the Ministry of Law in Singapore to set up a Foreign Law Practice (FLP), allowing the Firm to offer the full range of legal services in foreign law and international law in the region.
The move by the Firm follows demand from private capital clients and sustained growth in the South East Asia region. Singapore has successfully attracted high-value and economically important industries as a key strategy for its long-term success in a global economy.
It is also a regional hub for finance and business transactions, recognised as one of the leading global private banking and wealth management centres. It boasts a strong capital market offering and a reputation as a respected international arbitration centre.
The Firm aims to open the office this autumn formally.
Managing Partner, Simon Ridpath, comments:
“Given the trajectory of our own Firm in recent years, and the rapid growth of Singapore as a private capital hub, we are confident that now is the right time to set up a practice in the region.
“We have had a presence in Hong Kong for more than five years now, and that office has performed well and grown exponentially. We believe we can replicate and expand this success in Singapore and securing this FLP licence is a crucial step in doing this.
“We will share more details of our plans this summer. In the meantime, we are excited to set the wheels in motion officially.”
