Published Date: 1 March 2021
Published Date: 1 March 2021
Good afternoon, ladies and gentlemen
元宵节快乐，Happy New Year!
Welcome to Goodwins Law Corporation and thank you for your presence at this signing of the MOU between Goodwins Law Corporation and Sino-Win Law Firm. Today marks a historic milestone; you are witnessing the first fruits of an initiative between the Ministry of Law, Enterprise Singapore (“ESG”) and the Law Society of Singapore. In his speech at the 9th meeting of the Singapore-Guangdong Collaboration Council Minister Ong Ye Kung said: “Looking ahead, and especially with the development of the Greater Bay Area, we will go beyond traditional sectors to collaborate on innovation, modern services and high technology sectors…”. With our expertise in the legal aspects of technology in Industry 4.0 – we are well-placed, together with Sino-Win Law Firm – to provide modern legal services for businesses and investors in this exciting, brave new world.
With today’s signing of the MOU between Goodwins Law Corporation and Sino-Win Law Firm, we are reaffirming the belief in the growing demand for legal services in ASEAN, and between ASEAN and China. It also fulfils the Professional Services Industry Transformational Map’s goal of internationalizing Singapore law firms. Moreover, today’s milestone solidly demonstrates the ample strategic opportunities that the ‘Lawyers Go Global’ initiative can provide for Singapore law firms that actively participate in the programme.
Notwithstanding the Covid -19 pandemic in the past year, the lawyers in both Sino-Win Law Firm and Goodwins Law Corporation deepened their relationship following the gracious and warm hosting of one of our lawyers Ms Chi Ping Huey, then under the pioneer batch of the Lawyers Go Global programme in August 2019. Ms Chi was also honoured to represent the Law Society to speak at the 2nd Belt and Road Initiative Forum held in Guangzhou. Subsequently, I made a visit to Guangzhou in December 2019 and personally enjoyed the warm hospitality of the friends at Sino-Win Law Firm. The initiative and drive by both sides, built on a solid foundation of goodwill and friendship, led to the culmination of this happy and joyous milestone. It is an early, precious and befitting gift as Goodwins Law Corporation celebrates its 20th anniversary this year.
This friendly alliance represents a win-win for both Singapore and Guangzhou / Greater Bay Area firms to jointly work on the Belt and Road Initiative (“BRI”) opportunities. This partnership is also in line with the Chinese Government’s goal for the BRI, which was started to enhance regional connectivity and embrace a brighter future. Sino-Win and Goodwins have this day agreed to collaborate in three areas: exchanging information and updates in the laws and regulations of our respective home jurisdictions; participating together in joint projects and cross-border transactions; and promoting and publicising each other’s services and resources to businesses in China and Singapore. As the firstborn of the collaboration between the Ministry of Law, ESG and the Law Society of Singapore, we hope to have a double portion of the grace and prosperity that will come from Sino-Win and Goodwins working together.
We look forward to seeing more such unions between Guangzhou / Greater Bay Area law firms and Singapore law firms. We in Goodwins will do or part to grow the economic, cultural, relational, diplomatic and other BRI goals. Thank you.