The liability of shareholders to the company shall, unless otherwise provided for in Paragraph Two, be limited to the extent of the capital contributed by each of them.
If a shareholder abuses the company’s status as a legal entity and thus causes the company to bear specific debts and to be apparently difficult for the company to pay such debts, and if such abuse is of a severe nature, the shareholder shall, if necessary, be liable for the debts.
Same Article Laws
Company Act Article 99-1Aug. 1, 2018
Equity capital to be contributed other than cash by shareholders may be in the form of monetary credit extended to the company, or the property or technical know-how required by the business of the company.
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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:
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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.
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