Macau business law

Instead, it may be considered as a transversal gathering of a range of legal topics more or less directly related to gaming, including constitutional lawadministrative lawtax lawcompany lawcontract law, and criminal law.

Penalties Passive corruption in the private sector is punishable with imprisonment of up to one year or with a fine. Since the enactment of the law, signal piracy including U. Macau Customs works closely with Mainland Chinese authorities, foreign customs agencies, and the World Customs Organization to share best practices to address criminal organizations engaging in IP theft.

The law suggests that the person can be excluded from the casino if they submit their own request or approve the request submitted by their relatives. Compliance defence and mitigation There is no specific provision in Macau that would allow a person to disclaim liability for corruption offences solely based on adequate anti-bribery compliance procedures under the various key statutes pertaining to corruption in Macau.

Further, having such adequate procedures in place could be Macau business law defence against liability for a director or officer in respect of civil claims brought by the company or shareholders of the company for breach of fiduciary or other duties or for failing to take steps to guard against corruption.

Macau courts declared the airline bankrupt in September Liability of individual directors and officers Macau business law there is no criminal liability for legal entities or corporations under anti-corruption laws, individual directors and officers of a company will not be held liable for an offence if they were not personally and individually responsible for, or otherwise involved in, that particular offence.

Gambling in Macau

Credit for gaming is regulated by Law no. If the corporate entity is convicted of this offence, it may be subject to: The government of Macau is seeking the opinions of the citizens on the possibility of establishing a programme that will allow excluding problem gamblers from all casinos without their consent.

Business ethics and anti-corruption laws: Macau

Author Details This book brings together and explains the law in Macau relating to business activities. The reader will find a wide variety of topics covered, with solid introductions to the conceptual frameworks and practical and concise exposition of their regulation. Macau has a sound banking mortgage system, which is under supervision of the Macau Monetary Authority.

If the person realises that their gambling activities begin to cause trouble, they can turn to the Gaming Inspection and Coordination Bureau to ban them from entering the casino.

Public officials should also consider the purpose of the offer and evaluate if it is reasonable and appropriate. Consulate General is not aware of any actions to expropriate.

Credit for casino games of fortune is defined as any case where chips are passed on to a player without immediate cash payment of such chips; this is an intentionally broad concept.

Legal system of Macau

However, documents held, drafted or processed by lawyers could be apprehended, under a specific court warrant, if they are deemed to be the object or an element of the crime. For a partial translation of the Civil Code, see the bibliography below. In addition, the lawyer can refuse to testify to such facts unless such disclosure is deemed to be essential to the finding of the truth this has to be decided by a high court.

In any case, the offer will be accepted on behalf of the department or institution and must be reported to the superior. Prior toMacau judicial system was a sub-judiciary district of the judicial framework of the Portuguese legal system and was affiliated to the Judiciary District of Lisbon.

The transfer of power[ edit ] The legal system of Macau was not substantially modified inas a result of the transfer of power from Portugal to the PRC, given that there is a principle of continuity of the pre-existing legal system, according to which all sources in force prior to the transfer of sovereignty continued to apply, with some minor exceptions that were specified in December Remittance Policies Macau does not restrict the remittance of profits and dividends derived from investment, nor does it require reporting on cross-border remittances.

The current casino concessions only cover land-based gaming, not online gaming. Investment Incentives To attract foreign investment, the Macau SAR Government offers investment incentives to investors on a national treatment basis.

Macau | Offshore company law to be abolished to comply with OECD standards

There is also an Administrative Court, which has jurisdiction over administrative and tax cases. Contract law issues[ edit ] From the perspective of contract law, gaming and betting are contracts which may or may not generate civil or natural obligations for the parties. Legal education[ edit ] The Faculty of Law of the University of Macau was created in the late s and currently offers law degrees and master programmes conducted in Chinese and Portuguese languages.This Guide to Law Online Macau contains a selection of Chinese legal, juridical, and governmental sources accessible through the Internet.

Links provide access to primary documents, legal commentary, and general government information about specific jurisdictions and topics. Business Law. Beginning on the day a new business is launched, it will encounter a host of legal issues. From selecting the optimal business structure to negotiating contracts, from ensuring that the company's name doesn't infringe on another business's intellectual property to hiring new employers--almost everything that small business owners do.

He has held legal advisory posts with the Government of Macau from to and taught business law and other subjects at the University of Macau since He has a long list of multilingual publications on the law, and is the translator from Portuguese to English of the Macau Commercial Code Macau is typically a civil law legal system, in that legislation is the main source of law and case law, while clearly relevant, is not a major source of law.

Macau | Secretary for Security defends Civil Protection Law amendment

Macau has the five 'classic' codifications: the Civil Code, the Commercial Code, the Civil Procedure Code, the Penal Code, the Criminal Procedure Code.

Getting the Deal Through is a publication covering 75 business areas and containing information and analysis related to more than jurisdictions.

Many of the world’s leading lawyers and law firms have cooperated on Getting the Deal Through with the aim of compiling a unique information resource.

Macau (MNA) – Secretary for Security Wong Sio Chak defended his amendments made to Civil Protection Law, which had concluded its final public consultation on Saturday.

Macau business law
Rated 3/5 based on 57 review