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January 31, 2019

The Money Laundering Control Law was amended by including cryptocurrencies in its regulation(Taiwan)

2018.10.2 Grace Chiang Articles 5, 6, 9~11, 16, 17, 22 and 23 of the Money Laundering Control Act (hereinafter, the “Law”) were amended and implemented on November 7, 2018. The amendments are highlighted below: 1. Incorporation of cryptocurrencies into anti-money […]
January 31, 2019

The MOEA amended the Regulations Governing the Certification of Share Certificates Issued by Companies Limited by Shares (Taiwan)

2018.11.8 Elva Chuang To accommodate the relevant provisions of the Company Law amended on August 1, 2018 (hereinafter, the “New Company Law”), the Ministry of Economic Affairs (hereinafter, the “MOEA”) promulgated the amendments to Articles 2 through 6 of the […]
January 31, 2019

The FSC amended the Regulations Governing the Acquisition and Disposal of Assets by Public Companies (Taiwam)

2018.11.26 Sean Tsou The Financial Supervisory Commission (hereinafter, the “FSC”) promulgated the Regulations Governing the Acquisition and Disposal of Assets by Public Companies (hereinafter, the “Regulations”) via the Jin-Guan-Zheng-Fa-1070341072 Directive of November 26, 2018. Consisting of 36 articles in total, […]
January 31, 2019

Provisions on acceptance of credit card transactions by credit card service establishments retained as payment collection agents(Taiwan)

2018.11.29 Jhen-Yi Chen The Financial Supervisory Commission issued the Jin-Guan-Yin-Piao-10702741070 Directive of November 29, 2018 to indicate that if a credit card service establishment is registered as a convenience store or supermarket, it may be retained by all levels of […]
January 31, 2019

The supervisory power which may be exercised by shareholders who do not execute business is an inherent right derived from their capacity as shareholders, is different from that of the supervisors of a company limited by shares, and is, therefore, not constrained by their concurrent positions as the company’s managers or other concurrent positions (Taiwan)

2018.10.25 Jonathan Chao The Supreme Court rendered the 107-Tai-Shang-1608 civil decision on October 25, 2018 (hereinafter, the “Decision”), holding that the supervisory power which may be exercised by shareholders who do not execute business is an inherent right derived from […]
January 31, 2019

Amendments to the Rules for Company Registration (Taiwan)

2018.11.8 Yi-Shan Cheng The Ministry of Economic Affairs promulgated the amendments to the Rules for Company Registration (hereinafter, the “Rules”) and changed their name (original name: the Rules for Company Registration and Recognition) via the Jing-Shang-10702424820 Directive of November 8, […]
January 31, 2019

Since a couple get married in order to live together, determination should be made by considering all kinds of conditions such as whether the couple are likely to restore their harmonious relationship, and unless there is any significant reason for the difficulty to maintain the marriage, neither the husband nor the wife may readily sue for a divorce (Taiwan)

2018.11.7 Emily Chueh The Taiwan High Court rendered the 107-Family-Shang-84 Civil Decision of November 7, 2018 (hereinafter, the “Decision”), holding that since a couple get married in order to live together, determination should be made by considering all kinds of […]
January 31, 2019

Whether a driver is objectively selected by a taxi fleet to an extent sufficient to cause other people to view the driver as an individual serving the company should be explored in detailed by the court, which should not jump to the conclusion that there is no employment relationship under Article 188 of the Civil Code between the two (Taiwan)

2018.10.25 Angela Wu The Supreme Court rendered the 107-Tai-Shang-42 Civil Decision of October 25, 2018 (hereinafter, the “Decision”), holding that whether a driver is objectively selected by a taxi fleet to an extent sufficient to cause other people to view […]
 

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