Macau SAR
Financial services a key draw for law firms looking to expand in the Greater Bay Area
IFLR is delighted to reveal the winning deals, teams, law firms and individuals for the Asia-Pacific Awards 2023
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IFLR is delighted to announce all the winning deals, teams, firms and individuals of the 2022 Asia-Pacific awards.
All the shortlisted deals, teams and firms of the year - winners will be announced on March 17
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In the midst of a global economic crisis of proportions unseen for generations, the financial woes of many businesses have become such that today, the pursuit of survival has taken the place of the pursuit of profit. Come the time for yearly accounting, companies based in the Macau SAR may be faced with a situation where their net value has decreased to such a level that the law mandates immediate action. Such is the case of Article 206 of the Commercial Code, the terms and provisions of which stipulate that, should the board of directors verify through the annual accounts that the company’s net value is lower than half of its share capital, it is compelled under the penalty of criminal law to submit for approval by the shareholders a resolution which embraces one of the three solutions set forth by the legislator.
IFLR is delighted to announce the winning deals, teams and law firms for the 2020 Asia-Pacific awards
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Sponsored by Riquito AdvogadosAt a time when Macau is continuously striving to develop economic diversification and strengthen its role as a world leisure and tourism centre, the new draft Hotel Business Law, which is still under discussion in the Macau Legislative Council, is designated to liberalise and diversify the hospitality industry in various ways. -
Sponsored by Riquito AdvogadosSubject to a vote this month at the Macau Legislative Council (LegCo) is the Cybersecurity Bill. This Bill aims to bring Macau up to speed as regards the protection of the institutions and citizens of Macau against the malfunctioning of the computer systems of the public and private entities that operate critical infrastructures, in particular against unauthorised actions such as hacking.
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Sponsored by Riquito AdvogadosSince President Kennedy's proclamation, in 1962, that "consumer, by definition, includes us all", modern legal systems have increasingly dedicated their attention to consumer relations and rights. The impact of such legislation, however, is thought to reach much deeper than the immediate protection of consumers in their relations with business operators: consumer protection laws tend to increase consumers' confidence and, consequently, they serve as an important factor in increasing (or maintaining) consumption levels.
