Macau SAR

The alliance strengthens both firms’ platform for cross-border work spanning Lusophone markets and the China-Africa corridor

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

The Asia-Pacific awards research cycle has now begun – don’t miss out on this opportunity to get recognised

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

Register now to celebrate the region’s most innovative cross-border deals, teams and firms, as chosen by our panel

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.