I. INTRODUCTION In civil and commercial contractual relationships, the failure to perform or the improper performance of contractual obligations by one party is the primary cause of disputes. As a matter of principle, the party in breach must bear legal liability toward the other party. However, the law does not absolutize such liability; instead, it […]
In complex business ventures and infrastructure projects, especially those involving design, engineering, and construction, stakeholders often seek streamlined contractual arrangements that reduce coordination burdens and allocate risks more clearly. One such model is the turnkey contract, a legal mechanism that has gained increasing popularity in sectors such as construction, energy, and industrial projects. Under a […]
In a business, the legal representative always holds the most important position, giving directions and decisions that directly affect the operation and development of the business. Therefore, before set up an enterprise, it is necessary to clearly understand the following information about legal representative: What is a legal representative? Pursuant to Clause 1, Article 12 […]