JD Supra (JD Supra Taiwan)
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Establishing a Business Entity in Taiwan (Updated)
Introduction to Taiwan - In less than 50 years starting from 1949, Taiwan went from an agriculture-based economy to being an economic powerhouse and leader in the field of high-tech goods. Its Gross Domestic Product (GDP) grew from US$1.2 billion in 1951 to US$774.7 billion in 2021. According to the World Trade Organization, in 2021, Taiwan was the 16th largest exporter and 17th largest...
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Establishing A Business Entity In Taiwan (Updated)
Introduction to Taiwan - In less than 50 years starting from 1949, Taiwan went from an agriculture-based economy to being an economic powerhouse and leader in the field of high-tech goods. Its Gross Domestic Product (GDP) grew from US$1.2 billion in 1951 to US$774.7 billion in 2021. According to the World Trade Organization, in 2021, Taiwan was the 16th largest exporter and 17th largest...
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Establishing A Business Entity In Taiwan (Updated)
Introduction to Taiwan - In less than 50 years starting from 1949, Taiwan went from an agriculture-based economy to be an economic powerhouse and leader in the field of high-tech goods. Its Gross Domestic Product (GDP) grew from US$1.2 billion in 1951 to US$589.5 billion in 2018. According to the World Trade Organization, in 2018, Taiwan was the 18th largest exporter and 17th largest importer
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Establishing A Business Entity In Taiwan
Introduction to Taiwan - In less than 50 years starting from 1949, Taiwan went from an agriculture-based economy to be an economic powerhouse and leader in the field of high-tech goods. Its Gross Domestic Product (GDP) grew from US$1.2 billion in 1951 to US$589.5 billion in 2018. According to the World Trade Organization, in 2018, Taiwan was the 18th largest exporter and 17th largest importer...
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2021 Venture Capital Guide - Taiwan
World Law Group member firms recently collaborated on a Global Venture Capital Guide that covers more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on Venture Capital deals (and more!).
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Riding on the winds of change – Taiwan's next phase of development in the offshore wind market - Chinese version
At the recent Energy Taiwan forum in October 2020, Taiwan government representatives reiterated the government's ambitious targets for renewable energy and the plan to bring Taiwan's overall offshore wind capacity to approximately 15.5 gigawatts (GW) by 2035. Please see full Publication below for more information.
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Riding on the winds of change – Taiwan's next phase of development in the offshore wind market
At the recent Energy Taiwan forum in October 2020, Taiwan government representatives reiterated the government's ambitious targets for renewable energy and the plan to bring Taiwan's overall offshore wind capacity to approximately 15.5 gigawatts (GW) by 2035. Riding on a successful 5.7GW of projects in the second round of offshore wind selections and auctions, on 19 November 2020, the government...
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Good News for Global Fintechs: Proposed Amendment to Taiwan's Act Governing Electronic Payment Institutions Aims to Consolidate the Development of Electronic Money and Payment Industries and Streamline the Provision of Payments
Two separate legal regimes currently govern Taiwan’s payment institution and electronic money industries: On electronic money, the Act Governing Issuance of Electronic Stored Value Cards (電子票證發行管理條例), promulgated in January 2009, governs electronic money institutions on the issuance of an IC (integrated circuit) chip, card, certificate or other forms of debt obligation that utilize electronic,...
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The Supreme Court’s Adjudication on Whether a Post-grant Amendment of a Granted Patent Constitutes an Amendment of the Litigation Claim
When granted with a patent right, the patentee may file a request for amending the description, claim(s) or drawing(s) of the granted patent. Hence, once an alleged infringer has presented prior evidence sufficient to establish that the patent at issue lacks patentability in a patent infringement litigation case, the patentee is likely to file post-grant amendment requests with the Taiwan...
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Taiwan in the changing global landscape - Key private equity and M&A trends in Asia - What they mean for investors in the region
The COVID-19 pandemic has taken a toll on the world's economies and investment activity in 2020—including Asia-Pacific. This black swan event has exacerbated previous market threats, including rising geopolitical tensions, regulatory protectionism and tumbling fundraising, suggesting a potentially broader stagnation in 2020 and beyond. In a time of unprecedented challenges, many corporations and
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Taiwan in the changing global landscape - Financial markets in Asia-Pacific
What next for Taiwanese banks and businesses? The COVID-19 pandemic's severe impact on the global economy dominated news headlines through the first half of 2020. Many commentators believe that Asia-Pacific's financial markets–which already started to look overstretched in late 2019 before the pandemic began–are due for a prolonged, painful downturn....
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Taiwan in the changing global landscape - Managing the US-PRC “de-coupling” risks for Taiwanese exports
A protective strategy includes understanding new US rules, identifying the risk factors and taking proactive steps to prevent problems. The current de-coupling trend between the US and the People's Republic of China (PRC) is creating opportunities for Taiwanese exporters, while also raising significant risks for companies caught in the middle.
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Lotus and CKD Announce Biosimilar Collaboration
On September 19, 2020, Lotus Pharmaceutical Co., Ltd. (“Lotus”) and Chong Kun Dang Pharmaceutical Corp. (“CKD”) announced that they have entered into a commercialization agreement in connection with CKD’s biosimilar darbepoetin alfa, a second-generation epoetin indicated for the treatment of anemia associated with chronic renal failure. According to Lotus’ press release, the long-term strategic...
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Innovations in U.S. nuclear decommissioning and waste storage and their potential application in Taiwan
The field of nuclear decommissioning is in the midst of a major transformation, led by innovations in the United States. Since 1964, 36 nuclear reactors have shut down, 21 reactors are currently undergoing decommissioning, and 10 reactors have been successfully decommissioned. The lessons learned from extensive experience in nuclear decommissioning and waste management in the U.S. could help...
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Innovations in U.S. nuclear decommissioning and waste storage and their potential application in Taiwan (Chinese)
The field of nuclear decommissioning is in the midst of a major transformation, led by innovations in the United States. Since 1964, 36 nuclear reactors have shut down, 21 reactors are currently undergoing decommissioning, and 10 reactors have been successfully decommissioned. The lessons learned from extensive experience in nuclear decommissioning and waste management in the U.S. could help...
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In Determination of Trademark Parody Fair Use, Culture Differences and the Products Used Should be Considered
Generally speaking, “trademark parody fair use” is a defense where an unauthorized trademark user claims that the use should be shielded from liability because of public interests such as freedom of speech. In Taiwan, while there were court judgments that recognized “trademark parody fair use”, there is no clear language for such defense in the Trademark Act and the determination of “trademark...
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The Concept of Reverse Confusion is Not Applicable under the Current Trademark Practice in Taiwan
As a principle, Taiwan adopts a “first to file” trademark registration system. Under the system, fame and extensive use are not the requirements for registering a trademark. In addition, under Article 2 of the Trademark Act in Taiwan, the holder of a trademark cannot claim its right under the Act unless the trademark has been registered in Taiwan.
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Global opportunities for Taiwanese companies and investors: Gale force momentum in Taiwan’s offshore wind sector
After many years of careful planning the Taiwan offshore wind sector is gaining traction, but challenges remain. This year is proving to be a threshold year of achievement for the Taiwan offshore wind sector, with many years of careful planning and development activity starting to deliver results.
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Global opportunities for Taiwanese companies and investors: Risks and risk management for Taiwan exporters using China-origin parts
Despite a volatile, uncertain trade environment, you can take steps to protect your US market share - One year into the US-China trade war, after several waves of unprecedented punitive US tariffs on US$250 billion worth of China-origin goods and retaliatory Chinese tariffs on US$110 billion worth of US-origin goods, global companies have begun diversifying their supply chains by moving some...
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Global opportunities for Taiwanese companies and investors: How to avoid becoming collateral damage in the US-China “tech war”
The benefits of paying close attention to details of US export controls and economic sanctions - Over the past ten years, the United States has increased its focus on the Chinese technology industry as a national security matter and a key issue in trade dealings. Most recently, this focus is evident in the US-China trade negotiations and in the US government's high-profile actions against ZTE,
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Taiwan Imposes New Reporting Obligation on Information of Company Shareholders
The Situation: On November 1, 2018, amendments to the Taiwan Company Act ("TCA") passed by the Taiwanese legislature on July 6, 2018 came into effect. The Result: While certain regulations have been relaxed and business flexibility increased, the TCA amendments also impose a new reporting duty on the companies relating to information of corporate insiders in order to enhance corporate...
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A Global Roadmap To Personal Data Protection: Asia Pacific, Europe & USA - Taiwan
Taiwan was an early mover in recognizing the importance of data protection and has had a personal information protection regime in place for over 20 years. Taiwan initially adopted what was then called the “Computer Processed Personal Data Protection Law” (“CPPDPL”) in 1995. The CPPDPL applied only (1) to data used within a specified list of industries (e.g. banks, hospitals etc.) which were...
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2018 Global Employee Equity at a glance: Taiwan
Welcome to the Taiwan page of our Global Employee Equity at a glance series. Stock Option Plans: Employment - Labor Concerns - There is a risk of employees claiming that they are entitled to compensation for loss of rights under the Plan where the Plan is amended or discontinued or where their employment is terminated.
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Strategies for protecting Taiwanese businesses from cross-border risks: Trends in international arbitration for Taiwanese companies
Highlights from White & Case's recent survey results - This year, White & Case partnered with the School of International Arbitration at Queen Mary University of London to conduct a survey of participants in the field of international arbitration, including private practitioners, full-time arbitrators, in-house counsel, experts and other stakeholders.
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Strategies for protecting Taiwanese businesses from cross-border risks: Seeking amnesty internationally for cartel allegations
Whether, when and how Taiwanese corporations should request regulatory leniency for potential antitrust violations - The Taiwan Fair Trade Commission (TFTC)'s recent investigation into possible toilet paper price-fixing and recent global fines and litigation arising from alleged antitrust violations are reminders that company growth and success also bring potential legal pitfalls. Allegations...
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Taiwan: Navigating regulatory and deal risks in a rapidly shifting landscape: Asia-Pacific financing trends: Key issues and opportunities for Taiwan
Changing geopolitics and financing flows impact deals in the region - To help guide Taiwanese businesses and financial institutions, here are highlights of financing trends we are observing these days in the Asia-Pacific region.
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Taiwan: Navigating regulatory and deal risks in a rapidly shifting landscape: Weathering the storms
Investment and supply chain strategies for a volatile international trade environment - After a year and a half of surprise US trade moves and growing global fears of overcapacity caused by China’s aggressive industrial policies, multinationals today are like ancient sailors on a dark and perilous sea, navigating uncharted waters in capricious winds. The great merchant houses of prior...
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Taiwan: Navigating regulatory and deal risks in a rapidly shifting landscape: Taiwanese firms expand their M&A horizons in Q1 2018
While Taiwan traditionally attracts global attention for its semiconductor assets, local firms are increasingly looking to move into markets overseas - Taiwanese companies are stepping up their presence in the global M&A market. The value of M&A transactions undertaken by local firms investing abroad in 2017 reached a record high, with US$7.25 billion spent across 28 deals. The first quarter...
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Taiwan: Navigating regulatory and deal risks in a rapidly shifting landscape: Taiwan's energy renaissance: Seizing the opportunity
Taiwan has recently emerged as an exciting new investment destination for international investors and financiers in the energy sector - A recent groundswell of interest in Taiwan as an international energy investment destination may present new opportunities for Taiwanese companies far beyond the energy sector.
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ASIA: A Legal Guide for Business Investment and Expansion - Taiwan
1 .What role will the government of Taiwan play in approving and regulating foreign and Mainland Chinese direct investment? Three types of Taiwan government approval requirements may be relevant to direct foreign or Mainland Chinese1 investment in Taiwan: • Approvals that are required solely because the investor is foreign (Foreign Investment Approval) or Mainland Chinese (Mainland China...