First agreement of its kind on the digital economy

The Digital Economy Agreement (DEA) between the UK and Singapore entered into force this week, deepening technology and digital trade ties between the UK and Singapore.*

“We welcome the entry into force of the new UK-Singapore DEA,” said Law Society of England and Wales President I. Stephanie Boyce.

“This agreement is the first of its kind to include specific commitments on technology cooperation in legal services (lawtech), an area in which the UK and Singapore are both world leaders.

“This is a step to help UK businesses take advantage of the agreement, which will deepen technology and digital business ties between the UK and Singapore.

“The global legal technology market is growing rapidly. We’ve seen firsthand how lawyers have used technology during the COVID-19 pandemic. The justice system has moved online and legal professionals have delivered services remotely, innovating at pace to keep the wheels of justice and business turning.

“The UK-Singapore agreement also expressly recognizes the important role that legal services play in society.

“The Law Society is keen to play its part in establishing dialogue on lawtech-related issues with our counterparts in Singapore, such as sharing knowledge, research, industry practices and related information relevant legal and regulatory frameworks, as well as how we can help our members explore new business opportunities in the UK and Singapore. »

Notes to Editors

* View Department of International Trade announcement

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Press office contact: Nick Mayo | 020 8049 4100