Examples of Joint Law Venture in a sentence
The Government will, over the course of 2008, implement recommendations of the Committee on its comprehensive review of the legal services sector to enhance the Joint Law Venture 50 The term "ordinarily resident" is not defined, but its established meaning is of a person normally residing in Singapore (apart from temporary or occasional absences), voluntarily and for settled purposes as part of the regular order of their life for the time being.
Joint Law Venture (JLV): is a joint venture between an FLP with an SLP, which may be constituted as a partnership or company.
The most significant change to legislation governing the legal profession has been the opening up of "permitted areas" of domestic law to FLPs licenced under a newly introduced Qualifying Foreign Law Practice (QFLP) scheme, as well as to joint ventures between FLPs and Singapore law practices (SLPs) under the existing Joint Law Venture (JLV) scheme (Table IV.11).
DEVELOPER shall ensure that no employee, officer, or individual agent of CITY shall participate in the selection, award or administration of a subcontract supported by funds provided hereunder if a conflict of interest, real or apparent, would be involved.
If an application for a Joint Law Venture licence under section 130B(1) of the Act is granted, the applicant shall be issued a Joint Law Venture licence.
The conditions in rule 4(2) shall continue to apply for so long as the Joint Law Venture licence is in force.
Privileges and conditions relevant to Joint Law Venture licence 6.
Every Joint Law Venture shall maintain, throughout the period while its Joint Law Venture licence is in force, one or more insurance policies which provide indemnity against loss arising from claims in respect of civil liability in connection with the provision of legal services in or from Singapore by the Joint Law Venture.
The Joint Law Venture shall submit an annual report of its performance, containing such information as the Attorney-General may require, to the Attorney-General within 3 months after the end of each period of 12 months commencing from such date as the Attorney-General may specify.
Thus, it seems that PE investors try to realize efficiency gains by reducing the excess capacity in the platform companies and by efficiently allocating resources and capacity across platforms and add-ons.