1. Legal and regulatory framework
1.1 Which legislative and regulatory provisions govern
M&A activity in your jurisdiction?
The main statutes governing M&A activities in Taiwan
include:
- the Enterprise Mergers and Acquisitions Act;
- the Company Act;
- the Statute for Investment by Foreign Nationals (governing
foreign investment matters);
- the Securities and Exchange Act; and
- the Fair Trade Act (for certain M&A activities that
triggers competition review).
In the case of acquisitions involving public companies, a set of
tender offer rules – promulgated pursuant to the Securities
and Exchange Act – regulates tender offers for the
acquisition of shares in public companies. Other laws and
regulations, such as the Labour Standards Act and the Civil Code,
may also apply depending on the specific structure of the
transaction.
