China recently updated its company legislation, with changes set to take effect from July 2024. Shanghai K-insight Law Firm outline the key amendments, which aim to enhance operational efficiency and safeguard the interests of companies, shareholders and creditors.
The ambitious goal of achieving zero carbon emissions by 2050, set forth by COP21, has spurred significant global efforts to combat climate change. The team at TAK ASSOCIES explain how Taiwan, a key player in electronics manufacturing, has swiftly adopted measures to curb carbon emissions.
Chinese corporate law is changing on a large scale. The changes include new rules for equity investments, legal representatives or corporations. The law will come into force on 1 July 2024. The Ecovis experts explain the most important changes in the law.
Stricter regulations for cross-border data transfers, such as risk impact assessments, now apply in China. The Ecovis experts explain what companies that transfer data need to consider.
Limited liability companies registered in China must appoint a legal representative. They represent the company in exercising its rights and obligations. At the same time, legal representatives are exposed to potential compliance risks if the company’s activities (or their own actions) violate the law, administrative regulations, or the company’s articles of association.
In a historic move for the country, the Malaysian Prime Minister, who is also Minister of Finance, unveiled the eagerly awaited 2024 budget on 13 October 2023, which sets a new spending record of MYR 393.8 billion.
In consideration of the difficulty of actually implementing the Electronic Book Preservation Act, there was a two-year transition period prior to enforcement. The revision will affect all companies in Japan once it comes into force. From 1 January 2024, electronically stored information (ESI) must be preserved under the revised Act. The Ecovis experts explain how it is implemented in practice.
On Tuesday May 9th, the Australian Government handed down the 2023/2024 budget. What does the recently announced federal budget mean for Australians? ECOVIS Clark Jacobs in Australia examines the key measures.
Given India’s rapidly growing market, the country’s investment potential has enticed a slew of foreign companies to establish their presence in India. Over the last few years, initiatives have been taken to ensure that establishing a business in India is more straightforward and foreign companies are encouraged to invest in the country.
In accordance with article 16 of the Law on Corporate Accounts, Their Audits, and Accounting Profession, all enterprises, natural persons and legal entities with Khmer or foreign nationality domiciled in the Kingdom of Cambodia, that meet two of the following three criteria, have an obligation to submit their annual statements for audit by independent auditors registered in the statutory auditor list of the
One impact of the global Coronavirus pandemic is that, in some parts of the world, the use of digital communications has accelerated. India has adopted “faceless” interactions through digital means with tax payers, and the Revenue department has been agile in keeping up with changes, introducing faceless tax assessments and appeal schemes for all categories of taxpayers (barring a few exceptions) across the country.