LEGAL UPDATE: Did you know that the Government recently approved the equisation/privatisation plan of Vinacomin - Power Holding Corporation. Pursuant to the plan, the State will continue to hold 65% of the shares and 34.76% of the shares will be publicly auctioned and the remaining will be issued to employees. It will be interesting to see what the pricing will be.
LEGAL UPDATE: Did you know that two other significant laws in investment and enterprises have been passed and will become valid on 1 July 2015. These laws will affect all investments and corporate transactions in Vietnam.
Key changes are:
1. A foreign-invested company where a foreign investor(s) hold(s) less than 51% will be considered a Vietnamese company and therefore will enjoy...
LEGAL UPDATE: Did you know that a new law on Real Estate Business Law (“REB Law”) has been passed by the National Assembly of Vietnam on 25 November 2014 and will come into effect as of 1 July 2015.
Below are highlights of some very key changes:
1. Rights of foreign individuals and organizations to purchase properties in Vietnam
The new REB Law allows all foreigners who are...
LEGAL UPDATE: Did you know that new laws on real estate, housing and investment have been passed by the National Assembly? Stay tuned for detailed updates once the official versions are published.
LEGAL UPDATE: Did you know that a new company law (Law on Enterprises) has just been issued effective mid 2015? One of the changes is the company seal will no longer be required or can be in any form. A pink seal for DN Legal. More update on this key piece of legislation later.