The amendment of FIDIC contracts governed by Vietnamese law using the approach taken by civil law systems is necessary, appropriate and correct because the current structure and provisions of Vietnamese law are already compatible with the [...]
Foreign borrowings (including loans from foreign lenders and bonds issued internationally in foreign currencies) by local businesses are primarily monitored by the State Bank of Vietnam (the “SBV”) under Circular No. 12/2014/TT-NHNN (SBV, March [...]
When a local hair salon owner with equity capital of less than USD1mi was able to raise USD32.4mil through corporate bonds, it prompted Vietnamese regulators to look into curbing the exuberance of the market.
More than a year ago, the long-awaited and ambitious legislative piece that governs merger control in Vietnam was issued and came into effect. The issuance of the Government’s Decree No. 35/2020/ND-CP dated March 24, 2020 that took effect on [...]
On September 25, 2020, the Ministry of Justice published the database on recognition and enforcement of foreign court judgments and decisions, and of foreign arbitral awards in Vietnam.
The database comprises decisions of Vietnamese courts on [...]
In one of our transactions early this year, the buyer and seller had agreed to a generic MAC clause and signed the transaction documents. When Covid-19 reached Vietnam and lockdowns were implemented, the buyer utilized the generic MAC to [...]
Amid the wake of the Covid-19 pandemic, a majority of people and businesses have disproportionally been exposed to the income shortfall that has adversely impacted on their lives at subsistence level and business operation in various sectors. [...]
On January 23, 2020, the Prime Minister announced Covid-19 as a national pandemic. The situation caused by Covid-19 and the magnitude of containment measures to limit its spread approved by the authorities are having negative impacts on [...]
Following up on our last Covid-19 updates on Directive No. 15/CT-TTg on the Resolute Implementation of the Peak Prevention Phase of the Covid-19 Pandemic (“Directive 15”) (*) and Directive No. 16/CT-TTg on the Implementation of Immediate [...]
As the annual general meeting of shareholders (“AGM”) season is approaching and in given the unprecedented Covid-19 pandemic, the State Securities Committee (“SSC”) issued Official Letter No. 1916/UBCK-GSDC to public companies to provide [...]
Vietnam to implement 15 days of social distancing throughout the country, starting from April 1, 2020.
Following up on our last Covid-19 Update regarding Directive No. 15/CT-TTg on the Resolute Implementation of the Peak Prevention Phase of [...]
In an attempt to cope with the unprecedented Covid-19 pandemic, Prime Minister Nguyen Xuan Phuc issued Directive No. 15/CT-TTg on the Resolute Implementation of the Peak Prevention Phase of the Covid-19 Pandemic (“Directive 15”). Directive 15 [...]