|Company Act Article 237Aug. 1, 2018|
A company, when allocating its surplus profits after having paid all taxes and dues, shall first set aside ten percent of said profits as legal reserve. Where such legal reserve amounts to the total paid-in capital, this provision shall not apply. "Aside from the aforesaid legal reserve, the company may, under its Articles of Incorporation or by resolution of the meeting of shareholders, set aside another sum as special reserve. "Responsible persons of the company who fail to set aside legal reserve, in violation of the provisions of Paragraph 1, shall be severally subject to a fine of not less than NT$20,000 but not more than NT$100,000.
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Provided by Kingdoms Law
Our legal team is specialized in corporate governance, compliance and export. Prior to joining our firm, some of our counsels have served as in-house general counsel in listing companies. We understand the intricacies and complexities that arise in large corporate environments. We regularly advise international corporations entering into local jurisdiction on governmental procedures, compliance and regulatory matters. In Taiwan, we have one of the best legal teams when it comes to hostile takeovers and proxy contests. Our experience includes hostile takeovers and defensive counseling that have been recognized as landmark cases in Taiwan. Strategies such as poison pill are not applicable in Taiwan and we excel at creative defensive counseling. We provide the following legal services for our clients:
Through proper legal planning we will help you reduce your business risks.
We specialize in foreign investments and counsel clients on legal and regulatory concerns associated with business investments. We understand complex cross-border issues associated with investments and our legal team works with tax professionals to assist you with:
Contract review, negotiation and drafting is our specialty. The key benefits of hiring an attorney for contract due diligence is that only an experienced local law firm can control your legal exposures beforehand when entering into uncharted territory. We are familiar with the local laws and regulations and know what terms are enforceable in Taiwan. Even if your business is not located in Taiwan, as long as you engage business with a Taiwanese company, it is advised that you have a competent local Taiwanese law firm review your contracts to secure your future interest.
Our legal team has extensive contract experience in drafting robust contracts of confidentiality, letter of intents, memorandum of understanding, fund management, procurement, sales, license, lease, joint venture or joint development. Leveraging over 30 years of practical legal experience, we regularly handle some of the most complex local and cross-border contracts. Unlike other practices, our attorneys have both litigation and non-litigation experience so that we are aware of the legal risks involved in your contractual agreements. Our attorneys and consultants have experience representing clients in industries including telecommunication, semiconductor, venture capital, construction, pharmaceutical and biotechnology. Through our expertise in contracts and cross-border transactions, we are specialized to assist startups grow into major international conglomerates. Our legal professionals are trained to anticipate concerns and preclude unnecessary controversies. We are prepared to assist you with drafting, negotiating and resolving discrepancies.
|Type||National Taxes||Municipal, County or City Taxes|
We have extensive experience with M&A transactions covering diverse clients in both the public and private sectors. We help carry out all phases of the M&A transactions from due diligence, structuring, negotiation to closing. Our expertise with relevant laws including corporate, tax, securities, labor, fair competition and data protection allows us to address legality issues surrounding a company during and after its merger. In recent years, the importance of data protection and compliance has increased; it now plays a critical role in M&A. In fact, our founder has helped revise the data protection laws in Taiwan. With our experience, our lawyers are ready to assist you with a cost-efficient transaction at every stage. To help facilitate a smooth transaction, we leverage our interdisciplinary team with experience in tax, intellectual property, employment and corporate counseling. One of our particular strengths is cross-border transactions and have covered such transactions between the United States, Taiwan, and China.
We understand that intellectual property is one of the most valuable assets for any company. We have extensive experience with intellectual property, assisting startup companies and international conglomerates. Our founder helped revise trade secret laws in Taiwan.
Our practice covers areas:
Kingdom's Law Firm advises clients on how to secure their data and prevent both internal and external threats to their intellectual property.
We have a diverse team with multilingual capabilities and advanced degrees ranging from materials science, electrical engineering to computer science. We have experience working with the world's most prolific inventors and researchers from world-class research centers.
Our copyright experience includes arts, literary work and computer software. We address complex issues that arise from copyright protection. We also assist with trademark search and registration. We will help you plan and manage your intellectual property strategy in areas of license and related negotiations.
When necessary, we leverage our litigation team to sue for damages and injunctive relief. For cross-border litigation, we collaborate with some of the world's best intellectual property firms.
Our team of lawyers will assist you in civil, criminal, administrative, intellectual property litigation and arbitration cases. We understand that every case is unique and requires innovative solutions that are practical. We will work with you on a case-by-case basis, weigh the pros and cons of various scenarios and provide an optimal strategy to ensure that your interests are addressed.
We have extensive experience with cross-border litigation including in Europe, United States, and Hong Kong. We are not limited to any network of law firms. This enables us to select and collaborate with the world's best law firms for our cross-border litigations depending on our clients' needs.