New Company Law

April 2, 2015

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.

Bilateral Investment Treaties Claims

April 2, 2015

LEGAL UPDATE: Did you know that since the early 1990s Vietnam has signed bilateral investment treaties (often referred to as BITs) with over 40 countries pursuant to which investors from such countries can sue the Vietnamese Government if their investments in Vietnam have been affected adversely by actions of the Vietnamese Government in accordance with the terms of such treaties?

Unlike...

Administrative Fines

April 2, 2015

LEGAL UPDATE: Did you know that if you violate the relevant laws and administrative fines are imposed, all your profits, funds/valuable papers and assets from such violation will have to be paid back to the State? What has to be returned is to be decided by the person that reviews the administrative violation.

(Circular 149/2014/TT-BTC dated 10 October 2014 of the Ministry of Finance,...

Borrowing From Offshore Creditors

April 2, 2015

LEGAL UPDATE: Did you know that if you borrow from offshore creditors you have to register the loans with the State Bank of Vietnam or you cannot convert VND to foreign currency to repay the creditors. Loans that have to be registered include: those with terms exceeding one year; one-year loans (short-term loans) that have been extended; one-year loan that have not been extended but repayment...

New Law on Bankruptcy

April 2, 2015

LEGAL UPDATE: Did you know that there is a new law on bankruptcy that will become valid in the next 3 months? A bankruptcy proceeding can be filed involuntarily against a company by any creditor to whom the company owes a debt of 3 months or more. Employees and the trade union can also file proceedings against the company on the same basis. One of the key changes is that valid contracts can be...

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