There can be little doubt that the story of Singapore's economy has been one of resounding success - a progressive, free market economy which has benefited greatly from a highly-skilled and well-educated workforce, a welcoming environment for foreign business talent and a highly-developed and well-respected legal system and business framework.The Singapore Government has been quick to identify the strengths and weaknesses in the economic composition of the jurisdiction and has encouraged and successfully attracted a large number of financial institutions, private equity funds, hedge funds and law firms to establish a presence in the country. In many cases, these institutions have been attracted by the possibility of using Singapore as a hub for their ambitions and operations within the Association of Southeast Asian Nations (ASEAN) and in India.
March 04, 2009 at 09:18 PM
1 minute read
The original version of this story was published on Legalweek
Offshore law firms’ services remain in demand among Singapore-based companies, despite the sharp slowdown in growth across Asia. John Rogers explains why
There can be little doubt that the story of Singapore’s economy has been one of resounding success – a progressive, free market economy which has benefited greatly from a highly-skilled and well-educated workforce, a welcoming environment for foreign business talent and a highly-developed and well-respected legal system and business framework.
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