Impact of COVID-19 on Convening Shareholder Meetings – Update

Emily Chueh/Elva Chuang

As a follow up of Lee, Tsai & Partner’s previous article on the impact of COVID-19 on convening shareholder meetings, the Department of Commerce of the Ministry of Economic Affairs has issued a press release at 20:46 on May 20, 2021 that for non-public companies that are either no longer able to convene shareholder meetings or cannot apply to the competent authority for postponing shareholder meetings as a result of the pandemic, they may postpone the convening of shareholder meetings on their own without the Department of Commerce penalizing them pursuant to the Company Act.

Please see the press release of the Department of Commerce below for more details:|