Chapter 32 The Commercial Laws of Macao David C. Buxbaum & Jorge de Cardenas* I. GENERAL SYSTEM OF LAW § 32:1 Legal status of Macao § 32:2 —The social economic system § 32:3 —Free port § 32:4 —Executive legislation § 32:5 —Preliminary note § 32:6 The Chief Executive § 32:7 —Powers and function § 32:8 —Executive Council § 32:9 —Electoral Aairs Committee § 32:10 Elections Committee—Composition § 32:11 —Mode of constitution § 32:12 —Electoral capacity, eligibility and mode of election § 32:13 —Submission of candidates § 32:14 —Term of oce and elections of ocials § 32:15 —Right to nominate candidates § 32:16 —Ballots § 32:17 Religious freedom § 32:18 Constitutional import of the Basic Law II. FOREIGN TRADE § 32:19 Customs valuation § 32:20 Agreement for Trade and Co-Operation Between the European Economic Community and Macao § 32:21 World Trade Organization § 32:22 United Nations Economic and Social Commission for Asia and the Pacic (UNESCAP) *Anderson & Anderson LLP 20th Floor, AIA Tower, N° 251A-301, Avenida Comercial De Macau Macau SAR Tel: (853) 2871-5995 Fax: (853) 2871-5181 Email:
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[email protected] K 2015 Thomson Reuters, 12/2015 32-1 Digest of Commercial Laws of the World III. FOREIGN DIRECT INVESTMENT § 32:23 Measures relating to foreign direct investment IV. CONTRACTS § 32:24 Advertising contracts § 32:25 Agency contracts § 32:26 Banking contracts—Opening of bank credit § 32:27 Factoring contract § 32:28 Leasing contract § 32:29 Carriage contract § 32:30 Commercial concession contracts § 32:31 Consortium contract § 32:32 Franchising contract § 32:33 Guarantee contract § 32:34 Insurance contract § 32:35 Lodging contract § 32:36 Negotiable instruments—Order instruments § 32:37 Securities lending contract § 32:38 Supply contract V.