Waiting for the Cross-Strait Service Agreement – Taiwan Focus
January 16, 2014 | BY
clpstaff &clp articlesC Y Huang, Chairman of the Taiwan Mergers & Acquisitions and Private Equity Council (MAPE), spoke to China Law and Practice about the hold up on the Cross-Strait Service Agreement and the effect this is having on deals
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What are the proposed changes to M&A Act in Taiwan?
The changes are rather comprehensive covering the interests of both minority and majority shareholders. In particular, there is a clause from the Yageo case. This was a take-private, which the majority and minority shareholder had approved, but was turned down by the regulators for dubious reasons. The main reason was that it was not good for the general social public image. Investors do hope that the government will able to make the rules on delisting clearer and the proposed changes to the Act is one step towards this.