In The News

Sherlock Holmes of Shenton Way

The Business Times

30 Jun 2018

Singapore’s status as a reputable business center can lead to outside criminal activity, according to Morrison & Foerster partner Jake M. Robson in The Business Times article “Sherlock Holmes of Shenton Way.” 

“Often, a target company will incorporate a company in Singapore to act solely as a holding company for operations carried out in other jurisdictions where there is a significantly higher risk of bribery or corruption, and a seller will sometimes use a Singapore holding company as a means of giving the target business a veneer of respectability and a perception of good governance and compliance,” he said. 

When trying to identify warning signs that corruption may be present, companies face particular risks in regional deals as they “often face challenges in adequately screening and monitoring business intermediaries and other third parties,” said partner Daniel P. Levison.



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