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Tag Archives: Christine Chen

Further liberalization of Taiwan’s foreign investment rules

Taiwan’s Executive Yuan has approved draft bills to amend the Statute for Investment by Foreign Nationals and the Statute for Investment by Overseas Chinese in an effort to simplify Taiwan’s foreign investment approval process. If passed into law by the Legislative Yuan, it is expected that 85% of foreign investment in Taiwan would be subject [...]

Taiwan’s regulatory fintech sandbox: one year on

The Financial Supervisory Committee (FSC) announced this week that their application target for the first year of the regulatory sandbox has been achieved. So far, 11 applications for the experimentation or testing of new forms of fintech have been filed since the sandbox was launched under the Financial Technology Development and Innovative Experimentation Act in [...]

Employment law changes made for dispatch workers and APRC holders

Amendments to Taiwan’s Labor Standards Act (“LSA”) passed the legislature on 26 April 2019. These amendments aim to keep pace with the rise of the gig economy and an increasingly atypical workforce. Currently, there are around 150,000 dispatch employees in Taiwan. In order to provide greater protection for these dispatched employees, two key provisions were [...]

Labor Dispute Act: three takeaways for employers

Taiwan’s Labor Dispute Act (“LDA”) was announced on 5 December 2018 and even though related laws, regulations and implementation dates have yet to be set, it is likely that it will come into force sometime in 2019. The core principles of the LDA are speed, appropriateness, professionalism, effectiveness and fairness, with the given aims of [...]

Could Taiwan’s new regulatory sandbox spur innovation in its financial services industry?

The Financial Technology Development and Innovative Experimentation Act, passed by Taiwan’s Legislative Yuan in January of this year, aims to foster a positive environment for new and untested forms of financial technology, also known as “fintech.” The Act provides for the creation of a regulatory sandbox, following in the footsteps of the UK, Singapore, Australia, [...]

Taiwan’s progress in creating a positive environment for blockchain

The rise of cryptocurrencies and their broad applicability in international trade and finance have inspired some in Taiwan, most vocally legislator-at-large Jason Hsu, to take a closer look at how they can be integrated into the government’s goals of promoting technological innovation and investment. However, differing opinions from legislators, government agencies and industry has meant [...]

Options for employers to add more flexibility to work hours

The 2018 amendments to the Labor Standards Act (LSA), while intended to provide more flexibility in favor of employers in Taiwan, have nevertheless raised some questions regarding the distribution of work hours for employees. The new amendments contain provisions allowing for the adjustment of mandatory rest days, meaning that, in certain situations, workers may work [...]

New employment rules to come into effect 1 March 2018

Amendments to Taiwan’s Labor Standards Act passed by the legislature on 10 January 2018, after much controversy, protest and debate. Generally speaking, these amendments roll back or relax changes which were made to the law at the end of 2016, and may be amended, or clarified, further. The effective date of these amendments is 1 [...]

Restrictions eased on foreign professionals living and working in Taiwan

The Draft Act for the Recruitment and Employment of Foreign Professionals passed smoothly through Taiwan’s legislative branch this past October and will come into force on 8 February 2018. This new law is part of an overarching effort by the Taiwanese government to attract and maintain foreign talent in targeted sectors in the face of [...]

WP recommended by the Legal 500

Six of Winkler Partners’ practice areas have been recommended by The Legal 500 as part of their research into legal service providers in the Asia Pacific region for 2018. For the first time, our employment practice was ranked in the first tier with Partner Christine Chen also listed as a Leading Individual. The Legal 500 [...]

 

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