October 2019

Capital Market / Securities

The requirement that a person who acquires a negotiable instrument in bad faith shall not enjoy any rights in the negotiable instrument under Article 14, Paragraph 1 of the Negotiable Instruments Law refers to the circumstance where the ownership of the negotiable instrument is originally obtained from a person without a disposal right; and the rights over the negotiable instrument may be enjoyed only if the negotiable instrument is assigned by a person with a legitimate disposal right (Taiwan)

October 2019

If a supplier who has failed to pass acceptance inspection breaches the contract time and again, refuses to rectify, and the irregularities are not corrected before a disposition is rendered, this would meet the requirement for materiality under Article 101, Paragraph 1 of the Government Procurement Law (Taiwan)

October 2019

In case an agency has failed to properly maintain a Jersey barrier after it is installed, if an accident occurs because the Jersey barrier is dangling in the air and not completely put on the surface of the road upon occurrence of an accident, a national compensation liability should be assumed (Taiwan)