Singapore legislation
Clause 14
Clause 14
“Foreign affiliation”
An entity has a “foreign affiliation” if —
(a)
the entity has an arrangement or agreement with a foreign principal; and
(b)
under the arrangement or agreement —
(i)
the entity is accustomed, or under an obligation (whether formal or informal), to act in accordance with the directions, instructions or wishes of the foreign principal; or
(ii)
the foreign principal is in a position to exercise, in any other way, total or substantial control over the entity’s activities in Singapore.