Bankruptcy
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Corporate Insolvency in Vietnam: Legal Framework and Business Implications
- 24 March 2025
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- by Stephen Le
Facing mounting debts and a struggling balance sheet can put any business on the brink of collapse and without a clear understanding of the legal landscape, companies risk worsening their financial exposure. In Vietnam, navigating corporate insolvency is not only a matter of compliance, but a critical factor in determining whether a company restructures or is forced into liquidation. This article provides essential insights into Vietnam’s insolvency laws, the formal steps involved in insolvency proceedings, and...
How A Tuna Scandal Got Involved in UBS’s Acquisition of Credit Suisse
- 14 November 2023
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- by Lucia Pham
When Swiss investment bank UBS agreed to buy Credit Suisse following the collapse of various U.S. banks in 2023, it did not expect to be engaged in a lawsuit with Mozambique over tuna. This unexpected legal battle has thrust both financial giants into the international spotlight as Mozambique alleges that Credit Suisse’s involvement in a complex debt deal, tied to its state-owned fishing company, has resulted in financial calamity for the African republic. As the case...
Prohibited and Restricted Transactions during Bankruptcy Proceeding
- 05 January 2022
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- by Stephen Le
‘Bankruptcy’ means the status of an enterprise or cooperative which is insolvent and is declared bankrupt by the People’s Court. Bankruptcy proceeding shall commence from the time the Court issues the Decision to initiate bankruptcy proceeding. At that time, enterprises and cooperatives involved are subject to the management and supervision by judges, asset management officer, and asset management and liquidation enterprises. One of the key issues in the process of conducting bankruptcy proceeding is to properly...
A Brief View of the Vietnam Bankruptcy Law
- 28 June 2021
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- by Stephen Le
Most people think that bankruptcy is bad and try to avoid it. However, bankruptcy is a powerful legal tool and if using it the right way, it can solve your problems, whether you are a creditor or a debtor. If you are a creditor, why should you file for bankruptcy? Creditors often file normal lawsuits to collect the debts instead of using bankruptcy proceedings because (i) bankruptcy is very complicated and (ii) bankruptcy will invite other...
