1. Introduction
a. History and background
Modern Singapore was founded in 1819 when the East India Company
established it as a trading post.
After a century and a half of British colonial rule, Singapore
became an independent nation on 9 August 1965. Singapore is a
republic with a parliamentary system of government based on the
Westminster model. The organs of the state comprise the executive,
legislature (parliament) and judiciary.
Singapore is a multi-cultural and multi-religious society. It
has a population of about 4.6 million, made up of ethnic Chinese
(76.7 per cent), Malays (14 per cent), Indians (8 per cent), and
Eurasians – people of European extract or origins (2 per cent).
Singapore’s development as an international financial centre
began in the late 1960s. Today, about 700 financial institutions,
local and foreign, are located in Singapore, offering a wide range
of financial products and services. Singapore is the world’s
busiest port in terms of shipping tonnage.
English is the language of administration, business and
technology. The official languages are English, Chinese, Malay and
Tamil.
The currency in Singapore is the Singapore dollar (SGD).
b. Legal system
The judicial system is made up of two tiers of courts: the
Supreme Court (comprising the High Court and the Court of Appeal,
which is the highest court) and the Subordinate Courts (including,
among others, the District Courts and Magistrates Courts). The
Shariah Court handles the administration of religious,
matrimonial and succession matters applicable to Muslims.
Singapore’s legal system is based on the English common law.