The Royal Government of Cambodia has issued the Sub-Decree on Requirements and Procedures for Business Combinations dated 6 March 2023 (“Merger Sub-Decree”). The Merger Sub-Decree elaborates on the prohibition on anti-competitive business combinations set out in Article 11 of the Law on Competition.
On 10 March 2023, the State Administration Council (“SAC”) made effective the Trademark Law (“TL”). The Notification No. 82/2023 provides 1st April 2023 as the effective date for the TL to come into effect.
In March 2023, the Vietnamese Government issued Resolution No. 33/NQ-CP on some measures to remove barriers and promote the real estate market’s safe, healthy, and sustainable development.
Decree 65/2022/NĐ-CP has revealed its shortcomings in the current domestic and international bond markets. Therefore, on March 12th, 2023, the Ministry of Finance submitted a draft decree amending and supplementing Decree 65 including new policies to benefit investors and bond-issuing companies.
Vietnam: What are the possible offenses relating to derivatives investment by non-resident foreign investors through bond futures transactions?
For a loan borrowed by a subsidiary in Vietnam from an overseas parent company, there are various options for repaying the loan. This article, BLawyers Vietnam summarizes the main regulations regarding converting the foreign loan into contributed capital.
In late February, the Ministry of Finance released a proposal to revise the Special Sales Tax (“SST”) law and is seeking public comments in this respect. The deadline for opinion contribution is 21 March 2023. The SST law amendment is proposed to be discussed and approved in the National Assembly meeting in October 2023.
On 28 February, the Ministry of Finance released Circular 13/2023, which provides guidance on the implementation of Decree 49/2022. Circular 13/2023 takes effect from 14 April 2023.
On 30 September 2022, the State Bank of Vietnam (SBV) issued Circular 11 on bank guarantees (Circular 11/2022). Circular 11/2022 will replace Circular 7/2015 of the SBV dated 25 June 2015 (as amended) from 1 April 2023. This post will discuss some notable points of Circular 11/2022.
It is not unusual for a VAT refund process to be fraught with unexpected twists and turns, testing both your character and your patience. In this update we provide our top five (5) tips that may help you successfully obtain that elusive VAT refund.
On 16 June 2022, the Vietnamese National Assembly officially approved the amended Intellectual Property Law (“Amended IP Law”). This latest update contains revisions and supplements more than 100 articles, marking the most expansive overhaul of this law to date.
On 14 February 2023, the General Department of Taxation issued Notification 5367, which provided the 2022 market interest rates for Employee Loans and loans between related parties in accordance with Prakas 543 on Tax on Salary and Instruction No. 7015 GDT (13 March 2020) and Instruction No. 10979 GDT (25 May 2022).
In this post, we continue to discuss the new Decree 99/2022 on security interest registration, which took take effect from 15 January 2023. (Part 1 of the analysis was published on February 15 and is available in this Legal Updates section)
The Law on Competition (2018) is effective, but it is not fully implemented due to the lack of an appointed regulatory authority. Hence only the Law’s merger provisions have been enforced through the regulator. This lack of properly appointed regulatory authority has also resulted in very little guidance on the interpretation and implementation of the Law.
Article 2.1(b) of Decree 35/2020 states among other things that “controlling or dominating a company or one business of a company” includes the case where “the acquiring company gains the ownership or the right to use more than 50% of the assets of the acquired company in all businesses or one business of such company”. This update examines the issue of control.
Under Article 119.2 of the Civil Code 2015, where the law requires a civil transaction to be in writing and notarized, the parties to the transaction must comply with such requirement. In the context of transactions involving land, Article 167.3 of the Land Law 2013 expressly requires agreement on transferring land use right to be notarized or certified, except for the certain cases where at least one party to such agreement is an entity doing real estate business.
The Ministry of Industry and Trade issued Circular No. 42/2022/TT-BCT dated 30 December 2022 regulating the inspection of electricity operations and use and settlement of disputes of the power purchase agreement (the “PPA”). The key provisions are discussed here.
On 3 October 2022, the Ministry of Industry and Trade (MOIT) issued Circular 15 on the mechanism for setting up an electricity generation price (EGP) bracket applicable to transitory (chuyển tiếp) solar and wind power plants (Circular 15/2022), which took effect from 25 November 2022.
Where an institutional resident in Vietnam intends to open an at sight L/C at a CPTPP bank to import equipment into Vietnam., can the Offshore L/C Issuer issue the Offshore L/C to the Vietnamese client under Vietnamese laws?
On 30 November 2022, the Government issued Decree 99 on security interest registration (Decree 99/2022) to replace Decree 102/2017 (Decree 102/2017) on the same subject matter. Decree 99/2022 will take effect from 15 January 2023.
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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