Corporate Governance & Compliance
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Ho Chi Minh City to Extend Lockdown for further One Month, till September 15, 2021
- 16 August 2021
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- by Corporate Counsels Team
With the severe impact of the fourth Covid-19 wave, on August 15, 2021, the People’s Committee of Ho Chi Minh City issued Official Letter No. 2718/UBND-VX to extend the lockdown period till the end of September 15, 2021. Consequently, Ho Chi Minh City will continue the social distancing regulations in accordance with Directive 16/CT-TTg of the Prime Minister. Notable regulations applied for this one-month period are provided as follows. Specific schedule for people’s movements during the...
Vietnam Law on Environmental Protection 2020 – New Highlights
- 11 August 2021
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- by Dr. Vo Trung Tin
Previously in Vietnam, Laws on Environmental Protection (LEP) were promulgated in 1993, 2005, and 2014. Most recently, the Law on Environmental Protection of 2020 was adopted by the 14th National Assembly of the Socialist Republic of Vietnam at its 10th session on November 17, 2020. This law takes effect on January 1, 2022. The Law consists of 16 Chapters and 171 Articles with important new provisions which can be summarized as follows: (i) The scope of...
COVID-19 Regulatory Update in Vietnam
- 04 August 2021
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- by Corporate Counsels Team
More than 19 provinces/cities in Vietnam in lockdown, including Ho Chi Minh City Due to the significant increase of Covid-19 infections in Vietnam, more than 19 provinces/cities in Vietnam are applying lockdown regulations based on Directive No. 16/CT-TTg of the Prime Minister. Accordingly, people are permitted to go outside only for (i) purchasing food, medicine, and other essential goods; (ii) emergencies (e.g., healthcare, vaccination, disaster); and (iii) working in limited offices and businesses (e.g., at the...
Enterprise Dissolution due to Missing Report Obligation
- 20 April 2018
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- by Corporate Counsels Team
Judgment No.144/2017/HC-PT dated July 20, 2017 of the High-level People’s Court at Ho Chi Minh City Summary of facts Plaintiff: TH Sea Food Processing Company Limited (the Company). Defendant: Business Registration Office, Department of Planning and Investment of Soc Trang Province (the BRO). On June 28, 2013, the BRO issued Notice No.97/TBHD-DKKD to request the Company to review and update its registered information within 30 days from the date of the issuance of the Notice. However,...
