Foreign Exchange Transaction Act definition
Examples of Foreign Exchange Transaction Act in a sentence
ASI shall be responsible for (i) initiating and complying with all relevant legal procedures and (ii) obtaining the Korean approvals (including but not limited to the approvals under the Foreign Exchange Transaction Act), necessary to establish Purchaser and cause Purchaser pay the Purchase Price to Amkor.
Neither the Company nor any placement agent may make any representation with respect to the eligibility of any person to acquire the SAFT under the laws of South Korea, including, without limitation, indirect investment asset management business law, the Securities and Exchange Act and the Foreign Exchange Transaction Act and regulations thereunder.
Except for the reporting requirements under the Foreign Exchange Transaction Act of Korea and other foreign exchange-related regulations, no Permit or third party consent is required for the Seller to enter into this Agreement, perform its obligations hereunder and consummate the Transaction.
Except for the reporting requirement under the Foreign Exchange Transaction Act of Korea, no consent, approval, order or authorization of, or registration, declaration or filing with, any court, administrative agency or commission or other governmental authority or instrumentality is required by or with respect to the Seller in connection with the execution and delivery of this Agreement or the consummation of the Transactions.
A foreign investment must be reported under the Foreign Investment Promotion Act (FIPA) or the Foreign Exchange Transaction Act.
Prior to the Closing, Buyer or its Affiliates shall file any report relating to overseas investment with the Korea Exchange Bank pursuant to the Foreign Exchange Transaction Act and the relevant regulations thereunder and use its or their reasonable best efforts to obtain any necessary approvals or confirmations related thereto.
Except for the filing a business combination report and the reporting requirements under the Foreign Exchange Transaction Act of Korea and other foreign exchange-related regulations, no Permit or third party consent is required for the Purchaser to enter into this Agreement, perform its obligations hereunder and consummate the Transaction.
Each Seller shall have received authorization to purchase foreign stock pursuant to the Foreign Exchange Transaction Act, and the Company shall have received authorization to receive the OCZ Loan.
Residents are subject to authorization from the Minister of Finance and Economy or the Governor of the Bank of Korea in cases when non-residents grant short-term financial credit to a financially unsound domestic enterprise designated in the Foreign Exchange Transaction Act, or grant financial credits to domestic individuals or non-profit institutions, which are guaranteed by or are based on collaterals from other residents.
Authorization is required from the Governor of the Bank of Korea for a non-resident to make a certain transaction by means of derivatives that is not permitted under the Foreign Exchange Transaction Act.