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Kenya: Parliament Considering Limited Partnership Bill

(Apr. 6, 2011) It was reported on April 2, 2011, that Kenya's Parliament is considering the Limited Partnership Bill 2010, which seeks to repeal and replace the Limited Partnership Act of 1934. (Peter Kiragu, New Bill to Replace Limited Partnership Act in Place (Apr. 2, 2011), NAIROBI STAR.) The bill makes a notable departure from […]

Vietnam: Transfer Pricing Regulations Amended

(May 27, 2010) Effective June 6, 2010, Vietnam's Ministry of Finance Circular 66/2010/TT-BTC, amending the country's transfer pricing regulation (Circular 117/2005/TT-BTC) will take effect. Application of the new Circular is limited to transactions between enterprises and their related parties; it does not cover individuals, unlike Circular 117. (Rachel Saw, Transfer Pricing Regulations Amended, TAX NEWS […]

South Africa: New Law to Make Company Directors More Accountable

(Mar. 11, 2009) It was reported on March 5, 2009, that a new Companies Act, whose passage is expected next year, will change the scope and procedure for bringing class actions and derivative actions that will empower shareholders and other stakeholders while exposing company directors and officers, to a much greater extent than before, to […]

France: Competition Authority Ordinance

(Dec. 4, 2008) Law 2008-776 on the Modernization of the Economy, which was passed by the French legislature on August 4, 2008, established a new single competition authority, the Autorité de la concurrence.The creation of the Competition Authority was recently implemented by Ordinance 2008-1161 of November 13, 2008. The Ordinance sets forth the investigation powers […]

Samoa: New Companies Act Introduced

(Aug. 29, 2008) Samoa has introduced a new company law regime via the implementation of the Companies Act 2001. Commencing from July 2008, the new Act is a simplified version of New Zealand's Companies Act, 1993. It clarifies the corporate governance framework and simplifies the processes for incorporation and management of companies. (Companies Act 2001.)

Taiwan: Statute on Development of Biotech, New Pharmaceutical Enterprises

(Nov. 2, 2007) On July 4, 2007, the 13-article Statute for Development of Biotechnology and New Pharmaceutical Enterprises was promulgated in Taiwan, to provide incentives to companies in that sector. According to Academia Sinica President Wong Chi-huey, the legislation is "important and timely" and represents "a new foundation that would rapidly boost the industry" instead […]