Bulletin
May 1999 Issue
Bulletin
LABOR STANDARDS LAW AMENDMENT PROPOSAL
The Council of Labor Affairs (CLA) plans to submit a draft amendment to the Labor Standards Law to the Executive Yuan by the end of June for examination. Major points of the draft amendment are outlined below:The calculation period for average wages will be extended from the current six months to one year, and term "wages" will not include overtime pay, nor double pay for work on holidays, vacations, or special holidays.A p ... MorePARTIAL AMENDMENT TO THE CIVIL CODE BOOK OF OBLIGATIONS
A partial amendment to the Civil Code Book of Obligations was passed by the Legislative Yuan on April 2, and announced by the president on April 21. It will take effect on 5 May, 2000 and will be retroactive in effect. Major content of the amendments pertaining to guaranty contracts are outlined below:A provision is added that the rights of the guarantor may not be waived in advance except where otherwise provided by law. ... MoreBANKING
COMPETITION
- BASIC CHARGE PLANNED FOR ELECTRICITY AND NATURAL GAS
- GAS STATIONS MAY DISPATCH THEIR OWN VEHICLES TO PICK UP GAS
- INDUSTRY ASSOCIATIONS MAY BE DEEMED SUBJECTS OF CARTELS
- BROKERS' FAILURE TO INFORM CONSUMERS OF THE RIGHT TO CHOOSE WRITTEN OFFERS VIOLATES THE FTL
CORPORATION
ENVIRONMENTAL PROTECTION
GOVERNMENT CONTRACTS and INFRASTRUCTURE
INSURANCE
- FUTURES EXCHANGE URGES MOF TO ADOPT POINTS FOR ATTENTION BY INSURANCE COMPANIES HANDLING DERIVATIVES BUSINESS
- REINSURANCE INCOME OBTAINED BY FOREIGN INSURERS FROM INSURERS IN TAIWAN EXEMPT FROM CORPORATE INCOME TAX
- STANDARDS GOVERNING THE CONTENT OF PROSPECTUSES FOR SUBSCRIPTION OFFERS AND ESTABLISHMENT OF FINANCIAL AND INSURANCE ENTERPRISES
INTELLECTUAL PROPERTY RIGHTS
- REPRESENTATION OF FOREIGN COMPANIES IN ROC LITIGATION
- LEGISLATIVE PROTECTION FOR INTELLECTUAL PROPERTY RIGHTS OF INDIGENOUS PEOPLES
- PATENT INFRINGEMENT ASSESSMENT INSTITUTIONS
- 1998 MAINLAND (PRC) PATENT STATISTICS
- NEW DESIGN PATENT CERTIFICATE ISSUANCE PRACTICE
- 1998 IPR INFRINGEMENT CRIMINAL CASES
- 1998 ROC PATENT STATISTICS
LABOR
- DESIGNATION OF SPECIAL INDUSTRIES AND PERSONNEL UNDER THE LABOR STANDARDS LAW
- LAW OF WORK EQUALITY FOR THE TWO SEXES
- EMPLOYERS TO BEAR BURDEN OF PROOF IN NON-COMPETITION CLAUSE CASES
LITIGATION
SECURITIES
- SFC AMENDS REGULATIONS GOVERNING COMMISSIONED OPERATIONS BY SITES AND SICES
- CEILING ON FOREIGN INVESTMENT IN LISTED AND OTC STOCK OF DOMESTIC COMPANIES RAISED TO 50%
- OTC AND LISTED COMPANIES MUST DISCLOSE REINVESTMENT INFORMATION IN ANNUAL AND SEMIANNUAL REPORTS