The new law on foreign interference – what’s next for businesses

• Main Authors: EUGENE, Tan K. B., ONG, Benjamin Joshua
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Foreign interference; legislation; business enterprises; Singapore; Asian Studies; Business Organizations Law; Law and Politics
• Online Access: https://ink.library.smu.edu.sg/sol_research/3715; https://ink.library.smu.edu.sg/context/sol_research/article/5673/viewcontent/FICA_BT_2021_10_10_av.pdf
• Institution: Singapore Management University

In a joint commentary, SMU Associate Professor of Law Eugene Tan and SMU Assistant Professor of Law Benjamin Joshua Ong discussed what the Foreign Interference (Countermeasures) Bill (Fica) means for businesses. They opined that businesses could have disclosure policies for themselves and their stakeholders, akin to conflict of interest disclosures. They also noted that more can be done to clarify the limits to government powers under Fica, and pointed out that conversations about foreign interference must go beyond Fica.