Law News

Law News
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April 2017

Arbitration / Litigation

When a party to litigation has never retained an agent-ad-litem and is deceased, if the court elects to notify the parties to be present to present their arguments via service of notice by publication and grants the motion filed by the other party to render a default judgment, this process is deemed materially flawed and the judgment violates laws and regulations(Taiwan)

April 2017

Arbitration / Litigation

A bank is responsible for relevant credit investigation and identity verification before a mortgage loan is established and shall not determine that the principal shall be liable for the loan for authorizing an apparent agent solely on account of the principal's seal and seal specimen presented by another person(Taiwan)

April 2017

Arbitration / Litigation

A joint property owner who occupies the entirety or a portion of the common property without the consent of all joint owners before lending or leasing such property for his/her own benefit does not engage in an act of managing joint property(Taiwan)

April 2017

Arbitration / Litigation

Parties may free enter into a nude contract to an extent that compulsory legal provisions and good social morals are not violated(Taiwan)

April 2017

Arbitration / Litigation

The statute of limitation for a claim should be set by law, not by legal order(Taiwan)

April 2017

Capital Market / Securities

The FSC revised its regulations and eased the announcement and reporting standards for a publicly offered company with a paid-in capital exceeding NT$10 billion(Taiwan)

April 2017

Capital Market / Securities

It is not necessary to consider whether hospitalization is necessary if the insurance contract stipulated that payouts will be made as long as the insured has to be hospitalized full-time due to illness, has formally completed the hospital stay formalities and has actually received treatment from the hospital(Taiwan)

April 2017

Capital Market / Securities

A policy value reserve is merely a basis for calculating the amount payable by the insurer to the legitimate recipient, and the insurance applicant has no right to claim the policy value reserve from the insured any time under the insurance contract(Taiwan)
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