For centuries, chop stamps have played a crucial role in document authentication across Taiwan and Asia, remaining widely used in business transactions despite the rise of electronic signatures. While modern standardization has streamlined their production, careful handling and security measures remain essential to prevent misuse, as improper use can lead to serious legal consequences.
The government is pushing to streamline data protection enforcement, align with international standards, and provide a unified point of contact for global businesses. BY MICHAEL FAHEY AND BRIAN HSIEH Responding to increased public concern surrounding data privacy, Taiwan hopes to have a new independent data protection authority in operation by August 2025. The formation of…
For effective safeguarding of confidential information, companies should proactively promote a protective culture built on clear communication and sound procedures. When it comes to your company’s sensitive private information, an important first step is ensuring that employees and management cultivate a protective culture. Too often, non-disclosure agreements (NDAs) or confidentiality terms are tucked away into…
Following the Covid-era’s economic concerns and travel restrictions, many multinational companies are taking a closer look at their overseas operations. In some cases, that may include a deep dive into the conduct of executives based in Taiwan. Below are some things to keep in mind when these types of investigations are initiated. Importance of efficiency:…
Understanding common misconceptions about overtime pay, fixed-term contracts, and termination is essential to any business in Taiwan. Here’s your essential guide to mastering this challenging terrain. American companies operating in Taiwan often look to find a way to reconcile their headquarters’ global standards and expectations with domestic legal needs. For most multinationals, there’s some comfort…
BY HUNG-WEI CHEN A new court trying commercial cases, intended to streamline the litigation process and improve the accuracy of rulings, has so far borne little fruit. Judicial reform was one of Tsai Ing-wen’s campaign promises when she first ran for President seven years ago. After her election, when the idea of establishing a specialized…
BY MAX HAHN The legislation is the latest in efforts by the U.S. Congress to demonstrate increased support for Taiwan. On December 29 last year, U.S. President Joe Biden signed into law the Taiwan Enhanced Resilience Act (TERA) as part of the 2023 National Defense Authorization Act (NDAA). TERA had received broad bipartisan support in…
Taiwan’s government has taken immediate steps to implement export controls and other measures to limit economic activity between Taiwan and Russia following the latter’s invasion of Ukraine. Within a day of Russia’s February 24 invasion of Ukraine, Taiwan’s Ministry of Foreign Affairs announced that it would join the U.S., EU countries, and other nations in…
A popular method for garnering brand attention and drawing in customers, promotional giveaways and contests are allowed in several forms under Taiwanese law. However, these business activities are subject to a number of fair competition and personal data regulations that companies must adhere to. Promotional giveaways are a common way to highlight a brand to…
The COVID-19 pandemic has pushed many organizations to consider virtual means of upholding entity governance standards to minimize infection risk. While Taiwan’s regulations do allow for most organizations to conduct relevant meetings virtually, there are a few things leadership should be aware of in using this option. As most TOPICS readers are now aware, the…
