Publication Type
Journal Article
Version
acceptedVersion
Publication Date
9-2019
Abstract
A strong reciprocal relationship has existed between Singapore Company Law (SCL) and the economy since Independence in 1965. Swift Parliamentary responses to economic events and successful implementation of Government policies has made it possible to clearly attribute cause and effect to statutory amendments and economic events in turn, proving the reciprocal relationship between the two. The first theme of this article seeks to explain the fundamental characteristics of SCL that have resulted in such an unusually strong reciprocal relationship: (1) Autochthonous nature of SCL; (2) Responsive nature of legislation; and (3) Government control at multiple levels of implementation. The second theme examines the interplay between: (1) Domestic political and economic events; and (2) Foreign laws and economic events in influencing legislative responses over time and their impact on SCL. This will be done through an examination of four key areas of SCL over 50 years of Singapore economic history.
Keywords
Company law, corporate law, legal history, regulation, insolvency, corporate governance, Company Law; Legal History
Discipline
Asian Studies | Commercial Law | Law and Economics | Legal History
Research Areas
Corporate, Finance and Securities Law
Publication
Asia Pacific Law Review
Volume
27
Issue
1
First Page
14
Last Page
38
ISSN
1019-2557
Identifier
10.1080/10192557.2019.1654765
Publisher
City University of Hong Kong
Citation
OOI, Vincent and TAN, Cheng Han.
Singapore Company Law and the economy: Reciprocal influence over 50 years. (2019). Asia Pacific Law Review. 27, (1), 14-38.
Available at: https://ink.library.smu.edu.sg/sol_research/2959
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1080/10192557.2019.1654765
Included in
Asian Studies Commons, Commercial Law Commons, Law and Economics Commons, Legal History Commons
