Foreign companies will find it much easier to get involved in M&A in Taiwan, thanks to sweeping legal changes.
The new legislation is aimed at shaking up the country’s lacklustre financial services industry. Changes to M&A laws and the introduction of the Financial Holding Company (FHC) Act are paving the way for long-awaited consolidation.
The Company Merger Law introduced in January makes it much easier for domestic and foreign companies to engage in M&A. Michael Wong, a partner at international law firm Baker&McKenzie in Taipei, says the new law is a radical change.
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