Month: July 2018

When Mongolian courts may hold a company director personally liable for their actions under criminal and civil law

In its forthcoming newsletter, CONSULEGIS International Litigation & Arbitration Specialist Group presents a series of short overviews of various jurisdictions legal views on when, based on company law, is a director personally liable for their actions. Among the contributors on the topic are five legal advisors from Horizons, addressing Indonesia, Mongolia, Korea (DPRK), Russia and China. In…

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When Indonesian courts may hold a company director personally liable for their actions under criminal and civil law

In its forthcoming newsletter, CONSULEGIS International Litigation & Arbitration Specialist Group presents a series of short overviews of various jurisdictions legal views on when, based on company law, is a director personally liable for their actions. Among the contributors on the topic are five legal advisors from Horizons, addressing Indonesia, Mongolia, Korea (DPRK), Russia and China. In…

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Carrying more than HK$120,000 (currency or CNBIs) in or out of Hong Kong must now be declared to customs

From 16 July 2018, travellers to and from Hong Kong are now required to declare cash sums larger than HK$120,000. The Hong Kong Security Bureau announced the Cross-boundary Movement of Physical Currency and Bear Negotiable Instruments Ordinance in 2017 to tackle funds arriving in Hong Kong from illegal sources such as money laundering and terrorist…

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China outbound investment: a procedural overview

In 2017, the Chinese government issued several regulative measures to safeguard the rapid growth of China outbound investment. Specifically, the Administrative Measures for Outbound Investment (referred to as Measures), issued by the National Development and Reform Commission, forwards provisions for outbound investment entities, supervision methods and improving outbound investment supervision systems. As a result, China-based…

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Investing in China: the basics of setting up your business and getting it right

Today, China’s increasingly open economic system, combined with an ever-growing middle-class, has paved the road to vast opportunities for foreign investors. Against the backdrop of a reform and economic transformation turned into a sustainable and innovative driven model, China inbound investment has entered a new era. Specifically, in China’s 13th 5-year plan the drive towards…

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