Lara Pair’s Post

#China - On 6 February, the State Administration for Market Regulation of the PRC issued the draft Regulations of the State Council on Implementing the Registration and Management of Registered Capital under the Company Law of the PRC for public consultation. This article analyzes the highlights of the Draft Regulations and its impact on investors and other stakeholders. #bakermckenzie

The Veil Stays Down When a Singapore company signs a contract governed by foreign law, it would scarcely anticipate that the mere fact of the contract being governed by foreign law could result in the overriding of its limited liability protections for its shareholders - exposing them to personal liability. That happened in the High Court's decision in Government of the City of Buenos Aires v HN Singapore Pte Ltd [2023] SGHC 13, where the High Court applied the foreign law of the contract to lift the defendant's corporate veil and hold its shareholder personally liable for breach of contract. This decision would have been fairly unsettling for company shareholders, who could unpredictably be liable for the company's debts, depending on the laws governing the contracts the company signed. However, the Court of Appeal has now reversed that decision in Nicholas Eng Teng Cheng v Government of the City of Buenos Aires [2024] SGCA 15 and held that generally, it should be the law of incorporation of the company that should apply to the issue of whether a company's corporate veil should be lifted – and not the law of the contract. The Court kept the veil of incorporation down in that case, and held that the shareholder was not personally liable on the contract. This is a welcome decision for Singapore companies and their shareholders. They are promised sufficient certainty on potential risks and liabilities when entering into foreign law-governed contracts and do not have to be on guard for potential avenues that the foreign law would allow for their separate legal personality to be ignored and their shareholders held liable. In this Prolegis LLC article, Associate Carrisa Low and I examine the Court of Appeal's judgment and offer some insights for both #companies and their #shareholders. #HSFProlegis #Prolegis #companylaw #litigation #SingaporeCourts

Do you have a clear view on the types of cross-border joint ventures and strategic alliances that can be structured from a Dutch law perspective? Corporate law experts Louis Bouchez and Jan Schouten guide you through the possibilities, while highlighting the key aspects you should take into account when entering into a cross-border joint venture or strategic alliance in the Netherlands. Find out more by clicking the link below. #jointventures #strategicalliances #crossborder #netherlands #corporategovernance #tax #regulatory https://lnkd.in/e82gvCEX

#BusinessLawToday | Understand pivotal legal considerations in international expansion, including tax, IP, and labor issues, through examples from four parts of the world. Read: https://lnkd.in/ddC-5NHQ #SecuritiesLaw #InternationalBusinessLaw #BusinessRegulation #RegulatedIndustries #Corporations #LLCs #Partnerships

📌 "Transfer Pricing in Year Three of War": a detailed analysis by Larysa Vrublevska, auditor, partner, head of transfer pricing practice of EUCON Legal Group. We invite you to read Larysa Vrublevska's new article, prepared for Ukrainian Law Firms. A Handbook for Foreign Clients 2023-2024, where she shares her professional experience and examines the new challenges and risks in the context of transfer pricing that businesses face in today's realities. Don't miss the opportunity to gain expert insights on current issues and receive valuable advice for your business! 🔗 To read the article, please follow the link: https://cutt.ly/EexKpILX

#BusinessLawToday | Understand pivotal legal considerations in international expansion, including tax, IP, and labor issues, through examples from four parts of the world. Read: https://lnkd.in/dQ6uKQm7 #SecuritiesLaw #InternationalBusinessLaw #BusinessRegulation #RegulatedIndustries #Corporations #LLCs #Partnerships

#BusinessLawToday | Understand pivotal legal considerations in international expansion, including tax, IP, and labor issues, through examples from four parts of the world. Read: https://lnkd.in/e6DWd7j2 #SecuritiesLaw #InternationalBusinessLaw #BusinessRegulation #RegulatedIndustries #Corporations #LLCs #Partnerships

In a significant development set to impact domestic and foreign-invested companies across China, the newly revised PRC Company Law, which will come into effect on 1 July 2024, introduces key changes to the nation’s corporate capital and governance framework. Managing Partner of Allen & Gledhill’s Shanghai Representative Office 杨凯章Yong Kai Chang provides an overview of the new Company Law, which include amendments to capital contribution and shareholder rights, in this article. #allenandgledhill #prc #companylaw #foreigninvestment

#BusinessLawToday | Understand pivotal legal considerations in international expansion, including tax, IP, and labor issues, through examples from four parts of the world. Read: https://lnkd.in/dCKWq8ez #SecuritiesLaw #InternationalBusinessLaw #BusinessRegulation #RegulatedIndustries #Corporations #LLCs #Partnerships

The #Dutch desk of global #lawfirm Clyde & Co advises on #Netherlands aspects of #financings, #corporate M&A #transactions, #JV's, #projects and commercial agreements. From #Singapore, we represent major #banks and #corporations on multi-jurisdictional transactions and frequently work alongside other top law firms to provide Dutch #law advice seamlessly in #Asia.