News

October 31, 2017

The FSC explained about the streamlined investment procedure and matters that shall be noted with respect to commissioning transactions to overseas investment trust enterprises by domestic investment trust enterprises(Taiwan)

2017.8.21 Sophia Tsai The Financial Supervisory Commission (hereinafter, the “FSC”) issued the Jin-Guan-Zheng-Tou-1060033837 Circular of August 21, 2017 (hereinafter, the “Circular”) to provide relevant explanation and communicate matters that shall be noted with respect to streamlined investment procedures under which […]
October 31, 2017

The FSC amended the Regulations Governing Public Tender Offers for Real Estate Investment Trust Beneficiary Securities(Taiwan)

2017.8.11 Jenny Chen The Financial Supervisory Commission (hereinafter, the “FSC”) promulgated Articles 8, 10, 14, 15, 19, 20, 22, 24, 29 through 33 as amended and Article 38-1 as added of Regulations Governing Public Tender Offers for Real Estate Investment […]
October 31, 2017

For an offense of operating banking business illegally, an investor shall not bring civil suit collateral to criminal proceedings against the actor(Taiwan)

2017.7.26 Frank Sun The Kaohsiung branch of the Taiwan High Court rendered the 105-Yuan-Fu-Min-Shang-1 Decision on Civil Suit Collateral to Criminal Proceedings on July 26, 2017 (hereinafter, the “Decision”), holding that for an offense of operating banking business illegally, an […]
October 31, 2017

In addition to a civil servant’s clear awareness of pursuing any illicit gain for himself/herself or for others, an offense of illicit enrichment committed by a civil servant also requires that the recipient of the civil servant’s enrichment is profited as a result (Taiwan)

2017.7.28 Emily Chueh The Supreme Court rendered the 106-Tai-Shang-197 Civil Decision of July 28, 2017 (hereinafter, the “Decision”), holding that in addition to a civil servant’s clear awareness of pursuing any illicit gain for a civil servant himself/herself or for […]
October 31, 2017

Beginning with 2018, the minimum hourly wage will be NT$140 and the minimum monthly wage will be NT$22,000 (Taiwan)

2017.9.6 Debby Yu Article 21, Paragraph 1 of the Labor Standards Law provides: “The wages shall be negotiated between the employer and employer, provided that they shall not fall below the minimum wage.” This provision seeks to protect the minimum […]
October 31, 2017

The Ministry of Labor formulated the Common Principles for Penalties Against Violations of the Labor Standards Law(Taiwan)

2017.8.22 Melanie Lo The Ministry of Labor prescribed the Common Principles for Penalties Against Violations of the Labor Standards Law (hereinafter, the “Principles”), which consists of six points, via the MOL-Lao-Dong-One-1060131704 Circular of August 22, 2017. The Principles came into […]
October 31, 2017

Participation in a tender by borrowing the name or certificate of another supplier to achieve the minimum statutory number of bidders so as to win the tender still constitutes illegal tender participation in the name of another supplier(Taiwan)

2017.6.22 Luke Hung The Supreme Administrative Court rendered the 106-Pan-331 Decision of June 22, 2017 (hereinafter, the “Decision”), holding that participation in a tender by borrowing the name or certificate of another supplier to achieve the minimum statutory number of […]
October 31, 2017

With respect to an act of expropriation conducted a long time ago, it is not appropriate to apply an excessively stringent determination standard to the substantiation by the expropriation agency to prove the legality of relevant expropriation procedures in order to prevent public interest from being impaired by an excessive determination that renders an expropriation invalid or ineffective(Taiwan)

2017.7.13 Teresa Huang The Supreme Administrative Court rendered the 106-Pan-358 Decision of July 13, 2017 (hereinafter, the “Decision”), holding that it is not appropriate to apply an excessively stringent determination standard to the substantiation by the expropriation agency to prove […]
 

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