We do tend to take overly positive news from Singapore with a pinch of salt.. especially when they talk up quick recoveries…
The Singapore Business Times has just published an article suggesting that legal work for international law firms operating out of the city state is on the up..
They write:
SOME foreign law firms here – even as they downsize back home – are beefing up their Singapore operations as companies focus on restructuring or re-look at suspended deals.
Foreign law firms based here are also set for a boost after the Congress Party’s surprise election victory in India.
Last November, Clifford Chance set up a dedicated team of lawyers in Singapore to focus primarily on capital market transactions in India.
Across Asia, from the Middle East and India to South-east Asia and East Asia, credit conditions have improved since March, sellers have become more realistic on prices and private equity investors are on the prowl again, says Paul Supramaniam, managing partner (Singapore) of Berwin Leighton Paisner.
Projects with long five to 10-year gestation periods, such as in alternative energy, are – tentatively – back on the table, he says.
Read the full article at
We will sit in the wait and see chair…
