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  • Article

    Amendments To The Directions For Disposal Of Non-Performing Loans By Insurance Enterprises

    To assist the purchaser to transfer the titles, if the builder fails to perform its obligations and the coordination is unsuccessful, the insurance enterprise may dispose of the non-performing loans...
    TaiwanInsurance
    Lee & Li
    Lee & Li
  • Article

    New "Insurance-Related Businesses As Recognized By The Competent Authority"

    Article 146 of the Insurance Act ("IA") sets limits on funding allocations of an insurance company, though its funds may be allocated to "insurance-related businesses."
    TaiwanInsurance
    Lee & Li
    Lee & Li
Article

Taiwan's Money Laundering Control Act Applies To Virtual Currency Businesses

Although the Central Bank of Taiwan and the Financial Supervisory Commission has characterized Bitcoin as highly speculative virtual "goods" rather than legal currency in 2013, the legislator has amended the Money Laundering Control Act ...
TaiwanGovernment, Public Sector
Xiri Attorneys
Xiri Attorneys
  • Article

    The FSC Strengthens The Supervision Of TRFs Amendments Of The Regulations Governing Internal Operating Systems And Procedures For Banks Conducting Derivatives Business

    As Renminbi is expected to continue appreciating in the past few years, Renminbi-linked TRFs are very popular with domestic investors.
    TaiwanFinance and Banking
    Lee & Li
    Lee & Li
  • Article

    Amendments To The Financial Institutions Merger Act

    To make merger of financial institutions more attractive by simplifying the merger procedure and providing more tax incentives, the Financial Institutions Merger Act (FIMA) was first amended on 9 December 2015.
    TaiwanFinance and Banking
    Lee & Li
    Lee & Li
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