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Amendments to the Insurance Act allowed an insurance enterprise investing in public utilities to serve as a director or supervisor of such invested entity
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

On November 9, 2016, the President announced the newly amended Articles 146-5 and 168 of the Insurance Act, providing that an insurance enterprise



Loosening restriction on an independent director of a publicly traded investment holding company concurrently serving as an independent director of the holding company’s publicly traded, wholly-owned subsidiary
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

On November 9, 2016, the FSC issued a ruling stating that where an independent director of a listedTPEx-listed investment holding company


The FSC amended the “Directions Governing Anti-Money Laundering and Countering Terrorism Financing of Banking Sector”, increasing the banking sector’s monitoring duty with respect to money laundering and terrorism financing
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

On December 2, 2016, the FSC amended "the Directions Governing Anti-Money Laundering and Countering Terrorism Financing of Banking Sector"(the


The Investment Commission of the Ministry of Economic Affairs (“MOEAIC”) now requires foreign investor applicants to disclose the source of funding
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

The MOEAIC modified the information required to be included in the application form for foreign investors investing in domestic enterprises, now


Those who engage in the adulteration or false representation of foods, or who add additives not approved by the central competent authority, shall be deemed to have committed a crime, irrespective of whether such act is actually harmful to humans
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

The eighteenth resolution (2016) issued by the Conference of Criminal Divisions of Taiwan's Supreme Court states that those who engage in the


Amendments to the Labor Standards Act
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

On December 6, 2016, the Legislative Yuan passed amendments to the Labor Standards Act, which amendments were promulgated on December 21, 2016


An Introduction to the Newly-Amended Labor Standards Act
  • Tsar & Tsai
  • China, Taiwan
  • January 17 2017

Following the negotiations and discussions in the past few months, the Legislative Yuan finally passed a set of amendments to the Labor Standards Act


The Financial Supervisory Commission (“FSC”) amended the “Regulations Governing Public Tender Offers for Securities of Public Companies”
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

The FSC amended the "Regulations Governing Public Tender Offers for Securities of Public Companies" on November 18, 2016. Major amendments include:


The Taiwan Fair Trade Commission (“TFTC”) amended the criteria for merger filing requirement
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

The TFTC issued an order on December 2, 2016, adding to the monetary thresholds for the merger filing requirement. A merger filing is required where