This page aims at sharing short articles of laws and regulations in relation to business or commerce in Cambodia. A group of laws and regulations on formation, operation, transaction and closure of business is called Business Law. Business Law has been one of the subjects at universities and taught to students of laws and other majors. More than just a subject at universities, Business Law is the main focus of the state, business persons and consumers.
Due to diversity, complexity and flexibility of business, there are numerous texts of Business Law; and consequently, it is quite a challenge to understand all aspects of Business Law. Based on a view that many readers may not be interested in long texts with unfamiliar terms and complex sentences, articles of Business Law in this page are in plain English and in reasonable length. Readers who meet the cases as discussed in this page in their real lives should obtain comprehensive legal advice or opinion for their concerned cases from lawyers.
Bancassurance refers to cooperation under the bancassurance agreement between banking and financial institutions (BFIs) and insurance companies in the distribution and promotion of insurance products or services through BFIs’ networks. Bancassurance business refers to the provision of insurance products by the BFIs on behalf of insurance company, but BIFs do not participate in creating the … Continue reading Bancassurance business in Cambodia
This article discusses the obligation of confidentiality of employees or workers in Cambodia. Obligation of confidentiality refers to the duty of the employee to safeguard and not to disclose confidential information of the employer or enterprise to any unauthorized person. Confidential information, in general, refers to information which is not publicly known, such as know-how, … Continue reading Employee’s obligation of confidentiality
Is an employee’s poor performance a misconduct under the Labor Law of Cambodia? Can an employer dismiss a worker or employee for poor performance? The answer can be YES or NO. It depends. I will further discuss on this topic in detail below. The Labor Law of Cambodia does not define what is poor performance … Continue reading Is poor performance a misconduct?