Recent Amendments to the Regulations Governing the Approval of Investments in Taiwan by PRC Person(s) and Subsequent Influences on Cross-Border M&A Transactions

Since the structure of foreign investments in Taiwan is becoming more diverse and complex in recent years, in an effort to ensure more comprehensive reviews and reinforce control over investments in Taiwan by PRC persons by broadening the statutory scope of PRC persons, on December 30, 2020, the Investment Commission, Ministry of Economic Affairs ("IC") promulgated the amendments to Articles 3, 4 and 6 of the Regulations Governing the Approval of Investments in Taiwan by PRC Persons (the "Approval Regulations"), and announced the new administrative rules on Article 3, Paragraph 2 of the Approval Regulations (the "New Administrative Rules"), both of which took effect on the same date. ... More