News

October 17, 2018

Data protection during an asset deal

Since the assets are being transferred, so are usually the customers datasets which are administrated in databases. The new European General Data Protection Regulation (GDPR) clarifies how customer data has to be handled during an asset deal. This problem doesn’t arise during a share deal since the databases stay in the same company.
October 12, 2018

RIGHTS TO MINES AND MINERALS: IMPLICATIONS FOR CONVEYANCERS AND LANDOWNERS

Introduction For the purposes of property law, the term mines and minerals is defined in Section 132(1) of the Land Registration Act (“LRA”) 2002 and includes any strata or seam of minerals or substances in or under any land, and powers of working and getting any such minerals or substances. Therefore, in simple terms mineral rights are the rights to exploit, mine or produce minerals or other extractive resources below the surface of property. The person who owns those rights can sell or lease them separately from the property on the surface of the land.
October 4, 2018

A NEW PERIOD IN TOURISM INVESTMENTS: ROOM SALES TO THIRD PARTIES

Within the last year, it has become possible for tourism investors to get an extension up to 49years for the term of usage rights granted on public real properties; and to acquire the real properties on which an easement right is established, or which has been allocated in favor of the tourism investors or the operators. On 30 June 2018, another long-awaited amendment was made to the Regulation on Certification and Qualifications of Tourism Facilities (the “Regulation”)legalizing the sales of hotel rooms in the tourism facilities to third parties.
October 3, 2018

The “Legal Foundation Law” will be enforced on February 1, 2019

The Legislative Yuan passed the “Legal Foundation Law” by third reading on June 27, 2018. This new law will be enforced and implemented on February 1, 2019.