Supreme Court Affirms Company’s Vicarious Criminal Liability in Trade Secret Misappropriation Case
Key Takeaways The Korean Supreme Court affirmed the vicarious liability of a Taiwanese company for criminal trade secret misappropriation committed by its Korean employees. The decision recognized Korean court’s jurisdiction over the Taiwanese corporation for a crime committed by its Korean employees based on the vicarious liability provisions of the Korean trade secret law. Foreign …
Government Announces Policy to Abolish Breach of Trust Crime and Continue Efforts to Amend the KCC
The government and the Democratic Party of Korea (the “DPK”) continue to promote amendments to the Korean Commercial Code (the “KCC”). Following the mandatory cancellation of treasury shares, they are now considering amendments to the criminal liability framework concerning duty of care and other fiduciary duties of directors and management, namely the abolishment of breach …
Regulatory Trends on Treasury Stock and Impact on Corporate Governance Restructuring
The amendment to the Korean Commercial Code (the “KCC”) promulgated on September 9, 2025 (the “Second Amendment to the KCC”), which introduced mandatory cumulative voting for large-scale listed companies and expanded the separate appointment of audit committee members, has contributed to the transparency of the board of directors and audit committee operations. In the case …
The importance of an international will in offshore company structures
The incorporation of offshore companies by Brazilian individuals – particularly in jurisdictions such as the Bahamas and the British Virgin Islands – is a structure widely used for the purpose of making investments abroad, international portfolio diversification, and wealth planning in general.
Navigating IP Damages in Brazilian Courts
Understanding damage caused by intellectual property (IP) infringement in Brazil is essential for any company expanding into or selling within the country. Protecting brands, inventions, and creative assets is a key component of growth, and Brazilian law provides robust mechanisms to prevent misuse and obtain compensation when rights are violated.
The end of declaratory sustainability
2025 should be considered a year of consolidation for environmental and sustainability matters, in the sense that many positions that were previously regarded as aspirational goals for senior leadership planning have turned into a “to do”! In this context, the corporate world felt the need to look inward to ensure that communications regarding climate targets, …
A summary of the rules on backdoor listing and reverse takeovers in Hong Kong
Overview of Reverse Takeovers (“RTOs”) With the prevalence of backdoor listings in recent years whereby investors acquire control of a listed issuer primarily for its listing status, the Hong Kong Stock Exchange (“HKEX”) has highlighted the associated risks of market manipulation, particularly when new businesses are commenced after a takeover but insufficient information is disclosed …
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UK Global Talent Visa: Up-to-Date Application Guide 2026
The UK Global Talent Route is considered the best immigration route for top-tier professionals in academia, research, arts, and digital technology. In 2026, the United Kingdom continues to prioritise attracting world-class talent, offering a visa category distinct from the Skilled Worker route. Notably, this pathway affords successful applicants significant professional autonomy, including exemption from sponsorship …
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Arbitration in Hong Kong VS Winding-up Proceedings in Foreign Jurisdictions: Hyalroute v ICBC Asia
Introduction In a recent decision, the Hong Kong Court examined the interplay between arbitration agreements and cross-border insolvency proceedings. This decision highlights the divergence between Hong Kong’s pro-arbitration stance, whereby winding-up proceeding will be stayed in favour of arbitration unless there is abuse (see Re Guy Kwok Hung Lam (2023) 26 HKCFAR 129) and the …
Winding-up Petition based on costs orders payable forthwith cannot be resisted with a cross-claim
In Re Success Lane Development Limited [2025] HKCFI 1121, the Companies Court considered whether a company could resist a winding-up petition presented based on outstanding interlocutory costs orders (payable forthwith or within 14 days upon summary assessment) by relying on a cross-claim for damages in ongoing legal proceedings.