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Landmark law to tackle money laundering

February 22 2013 The Law on Prevention and Combat of Money Laundering (the Law) was ratified by the National Assembly on June 18, 2012 and will take full effect from…

Investor-state dispute settlement under ICSID mechanism in Asia – lessons for Vietnam

June 21 2012 Founded in 1966 under the Washington Convention, the International Center for Settlement of Investment Disputes (ICSID) has become an effective legal instrument replacing political and diplomatic measures in public international law.

The new Labour Code

June 19 2012 Introduction The new Labour Code (the revised Labour Code) has been ratified by the National Assembly in an official meeting on 18 June with 455 out of 466 votes and will take full effect as from 1st May 2013.

Banks’ denial of guarantee letters validity – when what you keep is not like what you thought

January 25 2013 In nowadays business and commercial activities, when it comes to high-value transactions in which the obligator's financial capacity is not well…

Vinachem seeks buyer for Long Son stake

December 5 2012 Vinachem, the state-owned fertiliser and chemicals group, is seeking a buyer for its 11 per cent stake in the $4.5 Long Son Petrochemical Complex project in southern Vietnam.

EP Legal newsletter - March 2013

March 29 2013 Commercial housing projects, investment projects on urban development not yet executed or have the execution of construction started but apartment…

Decree No. 05/2013/ND-CP on amending, supplementing a number of articles providing for administrative procedures of Decree No. 43/2010/ND-CP on the registration of enterprises

February 22 2013 Is taking its effect as from 25 Feb 2013. Major changes include: With regards to business lines which are not mentioned in the economic industry…

3/ Circular No. 212/2012/TT-BTC on establishment, organization and operation of fund management companies (FMC)

February 22 2013 The Circular sets out conditions on shareholders/members of an FMC. Notably, an FMC must have at least one shareholder/member being a commercial bank…

Draft resolution of the Supreme Court guiding the law on commercial arbitration

February 22 2013 The Law on Commercial Arbitration (the Law) which came into force on 1 January 2011 was expected to provide businesses with an effective, speedy and…

Decision No. 05/2013/QD-TTg on overseas study of Vietnamese citizens

February 22 2013 Sets out conditions for granting Certificate of overseas study consultation services having a deposit of VND 500,000,000 (five hundred million…