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|Notice on the Establishment of a Security Review System for Foreign Mergers and Acquisitions of Domestic Enterprises|
John V. Grobowski, Yiqiang Li, Wendy Yan; Faegre Baker Daniels;
March 17, 2011, previously published on March 1, 2011Seeking to implement a key element of China's two-and-a-half-year-old Anti-Monopoly Law, China's State Council has established a formal security review system to oversee foreign mergers and acquisitions that involve "national security," with a joint ministerial panel responsible for...
|Comments on the 98-Su-1715 Decision of the Taipei High Administrative Court|
Sean Liu; Lee, Tsai & Partners;
March 7, 2011The Taipei High Administrative Court rendered the 98-Su-1715 Decision of June 24, 2010 (hereinafter, the ¿Decision¿) with respect to the disputes arising from business plan amendment application and licensing matters between CTI Television (hereinafter, ¿CTI¿ or the ¿Plaintiff¿) and the National...
|China Issues National Security Review Rules for Foreign Investment|
Covington Burling LLP;
February 25, 2011, previously published on February 18, 2011China has established a new process for reviewing the national security implications of foreign investments in Chinese companies. On February 12, 2011, China’s State Council published the “Notice of the General Office of the State Council on Establishment of a Security Review System for...
|Export Compliance - Is YOUR Company Ready?|
Israel Garcia, Brian J. Kelly, Nelli Nikova; Bracewell & Giuliani LLP;
February 23, 2011, previously published on February 21, 2011U.S. export control laws protect the national security of the United States by, among other things, requiring U.S. persons to obtain approval prior to export or release of certain U.S. origin technology to foreign nationals. In this regard, new export control regulations have recently been enacted...
|Commission Establishes Procedures for National Emergency Alert System Tests|
Lerman Senter PLLC;
February 21, 2011, previously published on February 15, 2011The FCC has recently revised its rules to authorize national testing of the Emergency Alert System (“EAS”), which enables emergency information to be made available by broadcast stations on a national, state, or regional level. Every broadcast station that is part of the EAS network...
|Congress Expands Department of Defense Contacts Authority to Exclude Companies that Pose a Risk to Supply Chain Security|
Ronald D. Lee, Stephen Marsh, Ronald A. Schechter, Lauren J. Schlanger; Arnold & Porter LLP;
January 13, 2011, previously published on January 2011On January 7, 2011, the President signed the Ike Skelton National Defense Authorization Act for Fiscal Year 2011 (Act) into law. The Act contains new provisions enhancing the authority of the Secretary of Defense (Secretary) to address the risk that a company in the supply chain for a national...
|New Governors Act on E-Verify|
Christine Alber, David Grunblatt, Valarie H. McPherson, Avram E. Morell, Praveena N. Swanson, Jennifer B. Wexler; Proskauer Rose LLP;
January 11, 2011, previously published on January 10, 2011Within hours of being sworn into office, two newly-elected governors put E-Verify at the top their agendas. On January 4, 2011 Florida’s Governor Rick Scott (R) issued an executive order requiring state agencies and contractors to use E-Verify. A day later Governor Lincoln Chafee (I) of Rhode...
|The Legality of Compensatory Leave System Implemented by Employers in place of Overtime Pay|
Teresa Huang; Lee Tsai Partners;
December 14, 2010With the rising awareness of labor rights protection in recent years, enterprise employers are required not only to comply with existing labor laws and regulations, but also to enhance their communication and coordination with labor unions when formulating the internal personnel management system...
|Obligation to Withhold|
Patrick Rietbroek, Eugene Weultjes; Greenberg Traurig, LLP;
November 15, 2010, previously published on October 29, 2010Wage tax and social security premiums on the wages of the employee must be withheld by a withholding agent. Therefore it is important to determine who is considered the withholding agent and who is the employee.
|Supervision on private placement will be enhanced through amendments to private placement laws and regulations|
Lisa Lee; Lee Tsai Partners;
October 28, 2010Article 43-6 to Article 43-8 were added to the Securities and Exchange Law during its amendment in 2002 when a private placement system was introduced. However, there have been instances where the system is abused and has been degenerated into an arbitrage tool for major shareholders for many...