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Condotel will be considered for being granted a certificate of ownership of the project

[caption id="attachment_20329" align="alignright" width="150"] DOWNLOAD[/caption] Regarding the issuance of the certificates of land use rights, ownership of tourist apartments, tourist villas, and condotels that have drawn public attention during the past time, as of 14/02/2020, the Ministry of Natural Resources and Environment issued Official Letter No. 703/BTNMT-TCQLĐĐ ("Official Letter 703") to the Departments of Natural Resources and Environment providing guidance on the land use and issuance of the certificate of ownership of construction works ("Certificate") for the said real estate products. Accordingly, Official Letter No. 703/BTNMT-TCQLĐĐ features some notable contents as follows: Regarding the land use regime, land use term Regarding the...

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Two Critical Points In The Legal Protection Of Minority Shareholders

The article by Associate Attorney Hoang Thi Hoai Thu was published on the Saigon Economic Times page on January 16, 2020 with the title: "Two Critical Points In The Legal Protection Of Minority Shareholders". *** The Enterprise Law 2014 creates a mechanism to allow minority shareholders to have the opportunity to assign their personnel to the board of managers of the company, but concurrently, majority shareholders can therefrom dismiss members representing the minority thanks to their overwhelming majority. BOARD OF MANAGERS WITH PROTECTION OF MINORITY SHAREHOLDERS In a joint stock company, shareholders own the company but the operation of the company is delegated to...

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4 Important keys in a commercial contract cannot be ignored

Công ty luật sư tố tụng

In commercial relationship, parties normally put more interest on commercial aspect rather than legal aspect. Instead of making significant effort to negotiate and draft a commercial contract with a tight legal framework, the parties entering into a commercial contract by way of drafting as “sketchy”, primarily based on habit and the trust, which hides a lot of potential risks for the parties. In the event of disputes, the terms of such commercial contract is not clear leading to the difficulties in resolving the disputes. Global Vietnam Lawyers (GV Lawyers) would like to mention hereinafter 4 important keys in a commercial contract...

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Legal Newsletter Issue No.4| December 2019

Dear valued clients and partners, We wish you a “Merry Christmas” and “Happy New Year” in advance and as usual, we would like to continue updating and sharing with our valued clients and partners the outstanding legal information during the month and valuable news for your reference. Legal Newsletter No. 4 | December 2019 covers the following: In the “Business Highlights” section, we are pleased to introduce the very event about the signing ceremony of a comprehensive cooperation agreement between Global Integration Business Consulting Co., Ltd. and Global Vietnam Lawyers. Besides, our “Remarkable Regulations” section will present some main contents as follows: Novelties In...

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Signing Ceremony of Comprehensive Cooperation Agreement between GIBC and GV Lawyers

Ho Chi Minh city, 4 December 2019 Global Integration Business Consultants (GIBC) and Global Vietnam Lawyers (GV Lawyers) officially signed a Comprehensive Cooperation Agreement in Ho Chi Minh city on 4 December 2019. GIBC is founded with the vision of accompanying Vietnamese businesses on the journey toward sustainable growth and integration into the global economy, GIBC brings together a diverse team of professionals and experts from various business and management backgrounds, including veteran leaders and senior managers from local and multinational firms and organizations, economic experts, accredited legal advisors, accomplished PR and communications specialists and professors from leading local and international universities....

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How To Promote Sandbox Mechanism Effectively

GV Lawyers would like to present an article by Mr. Luong Van Ly and Mr. Tran Thanh Tung, entitled: " How To Promote Sandbox Mechanism Effectively " published in Saigon Times on October 3, 2019, Issue No. 40.2019 (1.503). *** SANDBOX – A SPECIALTY OF ECONOMY 4.0 The "Sandbox" mechanism was first introduced in the Prime Minister's Decision No. 999 / QD-TTg dated August 12, 2019, approving the Scheme to promote a shared economy. "Sandbox" is a strange concept in Vietnam but can be considered a specialty of economy 4.0. Literally, the sandbox is a space where children can play around without fears of being injured...

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Don’t Leave Court Judgment Unenforced

We would like to introduce the article of Lawyer Tran Huu Tien titled: "Don't Leave Court Judgment Unenforced" published in Saigon Economic Times on 29 August, 2019, Issue No. 35.2019 (1,498). In the article, Lawyer Tien mentioned the current situation and inadequacies in the implementation of civil judgments and decisions that are effective in Vietnam. The article also giveen readers the perspective and legal views on the effectiveness of some current regulations relating to the execution of sentences. In conclusion, the article suggests the application of sanctions to support the enforcement of civil judgments in Vietnam more effectively, referring to...

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Legal Newsletter Issue No.2| October 2019

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Dear Valued Clients and Partners, Our Legal Newsletter of October 2019 includes the following key contents: The opening is an introduction about the article by Mr. Luong Van Ly and Mr. Tran Thanh Tung titled: " How To Promote Sandbox Mechanism Effectively " published in Saigon Times on October 3, 2019, Issue No. 40.2019 (1.503). Sandbox is a unique mechanism of the 4.0 industrial revolution. Through the article, the lawyers made a multi-dimensional assessment on the benefits / risks of this mechanism, the development trend of the Sandbox mechanism in Vietnam as well as the challenges of the Sandbox mechanism against policy makers,...

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Going So Far As To Ban Tax Debtors From Exiting Vietnam

GV Lawyers would like to present an article by Ms. Pham Thi Hien, entitled: "Going So Far As To Ban Tax Debtors From Exiting Vietnam" published in Saigon Times on June 20, 2019, Issue No. 25.2019 (1.488). *** In recent times, many individuals carrying out exit procedures at the airport have unexpectedly been banned from exiting Vietnam because they owe taxes. Banning individuals owing taxes or related to tax debt from exiting Vietnam is not a fresh issue, but in fact this has been jointly implemented by tax authorities and immigration authorities for many years. However, with more and more cases of exit bans...

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