In this newsletter: 1) VAT reduction, 2) Insurance business and foreign investors, 3) Registering asset-based security, 4) Raw materials, supplies and components for the production of IT products, digital content and software may be exempt from import duty, and 5) Prominent legal instruments take effect from February 2023.
Decree 53, on the Law On Cybersecurity sheds light on some of the hotly debated requirements under the Law, such as data localisation and local presence requirements. Similar to the Law on Cybersecurity, the scope of application under Decree 53 is extended to not only local entities but also foreign entities.
In this publication, we summarize the main differences in the recognition of sales revenue, and specific situations in the cases of businesses selling through different sales channels, including sales programs. sales promotion.
Vietnam’s updated merger control regime took effect from 15 May 2020. The regime substantially expands the scope of transactions subject to the merger filing requirement, capturing more M&A transactions in Vietnam and offshore.
This guide will bring helpful information to foreign investors, particularly those who consider starting their business in Vietnam. The guide mainly consists of the latest insights on a brief overview of Vietnam’s economy, key sectors for investment, compliance matters in terms of entity formation, accounting, tax, and labour perspectives in Vietnam.
The Ministry of Natural Resources and Environment has recently issued the Draft Land Law (amended) for public comments to overcome the shortcomings and limitations of the Land Law 2013, and at the same time, add new policies to adjust some issues arising in reality.
When setting up a company, the founding shareholders often ignore the conclusion of a founders’ agreement. This article discusses some issues founders should clarify in a Founders Agreement regarding dispensable disputes.
The Vietnamese Government has issued the new Decree 65 governing the offering and trading of privately issued corporate bonds. In this article, we examine the key features of the decree and outline how they differ from the existing Decree 153 on corporate bonds.
Whilst Cambodia promulgated its Insolvency Law in 2007, actual use of the law to date has been limited. However, the Law does provide the rules and framework for insolvency proceedings and governs both foreign and domestic business people and legal entities that own assets in the Kingdom of Cambodia.
The Law on Competition came into force in October 2021 and governs any activities that prevent, restrict or distort competition, and establishes and determines the authority of the Cambodia Competition Commission (“CCC”). This article summarises key points in the law.
According to Article 4.37 of Law on Securities 2019, a securities investment fund is a fund established through capital contribution by investors to make investment in securities or other assets, including real estate.
In this Insight, we give an overview of ESG and the legal landscape in Vietnam and examine the key legal considerations for each of the three pillars of ESG.
The Myanmar Food and Drug Board of Authority ("FDA") has issued a notification on labeling standards for pre-packaged foods, followed by two directives detailing the criteria for edibles that do not require a date of production and for a revised classification of edible products.
Currently, there are no specific regulations concerning the issuance of Stock Options for a Company’s employees in the Law on Enterprises 2020 and the Law on Securities 2019. This article discusses stock options, their issuance, the process, exercising stock options, and other key matters.
The Vietnam Competition and Consumer Authority (“VCCA”) recently issued its Annual Report for 2021 (“Report”). In this Client Alert, we outline the information provided by the VCCA on its activities related to the Law on Competition (2018) (“Law”) in 2021.
This article covers only the formalities and procedure for the issuance of construction permits at the Ministry of Land Management, Urban Planning and Construction based on the new Prakas No. 013. PK 013 consists of 7 Chapters and 23 Articles, and its annexes consist of the official application forms.
This article discusses some of the key issues for enterprises to consider, in order to minimize the risks from the unilateral termination of LC signed with their employees and avoid “dispensable lawsuits”.
Commercial agency is one of 4 commercial intermediary activities of a trader regulated by Vietnamese laws (along with trader representative, commercial brokerage, purchase, and sale of goods by mandated dealers). What is a commercial agency and what are notes about a commercial agency under Vietnamese laws?
The inaugural edition of FAQ on Mediation in Southeast Asia is an essential guide to the benefits and challenges of commercial, court-ordered and private-party mediation. The engaging Q&A format asks all the questions you have about this emerging trend, followed by sharp and insightful answers provided by DFDL and Harry Elias' team of conflict-resolution experts.
The Draft Circular replacing the current circular No. 12/2014/TT-NHNN on conditions for non-government guaranteed cross-border foreign loans was released on 11 May 2022 for public consultation. It proposes to tighten conditions for taking out these loans, in order to manage Vietnam's overall borrowing exposure and ensure proper use of foreign loans.
Important Vietnamese legal terms can be looked up, with the corresponding term in the other language presented (Vietnamese <-> English). Very helpful resource for those professionals working in both languages
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