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Despite its population numbering some 23 million, Taiwan punches above its weight in terms of the global economic market due to its leading position as a producer of hi-tech products. However, this export-driven economy has suffered recently with 2015’s GDP figures showing a growth of 0.7%, down sharply from the previous year’s 3.9%. This downturn can be partly attributed to increased competition from neighbouring East Asian countries, as well as China’s increased investment in developing its own IT industries. Therefore, new President Tsai Ing-wen’s initial soundings regarding a reduced economic dependence on mainland China are certainly a bold statement of intent and one that has not gone down well with China’s communist party leaders who still lay claim to the island.
Lee and Li remains the largest local law firm by far. Numerous other firms – including Tsar & Tsai Law Firm, Formosan Brothers Attorneys at Law and Formosa Transnational Attorneys at Law – provide considerable opposition in select areas.
Several international law firms are also present in the country, including Baker & McKenzie, which is at or near the top of the majority of the practice areas. Jones Day has a significant presence in the market and is accomplished at handling major cross-border M&A transactions, while K&L Gates is highly regarded across various practice areas.
Trade mark and patent filing and prosecution is undertaken by law firms and patent and trade mark firms, with the most significant being Saint Island Group, TIPLO Attorneys-at-Law and Top Team International Patent & Trademark Office.
Firms in the spotlight
TSAR & TSAI LAW FIRM
Tsar & Tsai Law Firm is a Taiwan-based partnership engaged in the provision of legal services relating to all aspects of international and domestic business transactions, as well as dispute resolution and litigation. The firm was founded in 1965 by Ruchin Tsar and Paul C Tsai, and has grown to over 50 attorneys admitted to practice in various jurisdictions. It is one of the largest law firms in Taiwan and its team of 120 employees includes translators, paralegals and accountants.
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A leniency program for potential unlawful actions constituting “concerted action” under the ROC Fair Trade Act of 2011 (the “FTA”) was recently instituted towards the end of 2011, due in part to discussions between the Taiwan Fair Trade Commission (“TFTC”) and the Organisation for Economic Co-operation and Development (OECD).
AF Group ASA, listed at the Oslo Stock Exchange (OSE-AFG), a leading international civil engineering and construction group headquartered in Oslo, has acquired the renowned Swiss engineering and construction planning company Edy Toscano AG with 370 employees. Together with AF Consult Switzerland AG, AF Group will be among the three largest Swiss engineering and construction planning companies with a combined turnover in Switzerland exceeding CHF 100 million.
VEGAS LEX has organized a roundtable on the main trends of taxation in Russia in 2016-2017*.
It is no longer a rarity for companies to want to hold their boards of directors and supervisory boards liable. It is often the case that claims are asserted arising from D&O insurance.
Organised by Intellectual Property Office of the United Kingdom and Anand and Anand, the conference on “Brand Management: Valuation and Protection” builds on joint UK-India efforts to facilitate ease of business and protect intellectual property.
In its ruling of September 21, 2016, the Court of Justice of the European Union confirmed that cosmetics which were produced with the help of animal testing are subject to a widespread sales ban within the EU (Az.: C-592/14).
Choosing the right corporate form can contribute significantly to the success of a business. GRP Rainer Rechtsanwälte has the requisite experience in setting up companies.
We are pleased to announce that our employees Ayesha Curmally, Michael Isler, Robert von Rosen and Stefan Knobloch, who have been with us for many years, have now been appointed as partners in our chancellery, effective from 1st January 2017.
We are pleased to announce that a new partner, Roger Staub, as well as new consultants, Thiemo Sturny and David Vasella, will be joining our chancellery as of 1st January 2017.
Fairfax Financial Holdings Limited (Fairfax) (TSX:FFH) (TSX:FFH.U) and Allied World Assurance Company Holdings, AG (Allied World) (NYSE:AWH) have entered into a merger agreement (the Agreement), pursuant to which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, Allied World shareholders would receive a combination of Fairfax subordinate voting shares and cash equal to USD 54.00 per Allied World Share, for a total equity value of approximately USD 4.9bn.
Interest rates for building loans were considerably higher between 2010 and 2013 than they are today. Consequently, it may well be worthwhile withdrawing from real estate loans that were taken out after June 10, 2010.