Too many deals, too few en bloc lawyers
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Singapore
EN BLOC lawyers are having to turn down deals because their plates are full. Such is the renewed fervour in the residential collective sale market, a contrast from the past couple years when few deals were launched and even fewer succeeded.
Dentons Rodyk & Davidson senior partner Lee Liat Yeang says there is a shortage of en bloc lawyers in the market. "There are fewer than 10 lawyers with good relevant experience. For those with abundant experience, it's fewer than five," he says.
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