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Category: Legal Update

Update on the Power Sector

Posted on May 19, 2023 in Legal Update by

Written by Partner Phong Tran and Partner Lam Nguyen 1. PDP8 was just adopted into law finally On 15 May 2023, the Prime Minister issued Decision No. 500/QD-TTg approving the National Power Development Master Plan for the period from 2021 to 2030 with a vision to 2050 (“PDP8”). Below are key points of PDP8. 1.1 Allocation of power sources for development Sources of power 2020[1] 2030 2050 Total capacity (excluding exported capacity, existing rooftop solar […]

Reasoned award under Vietnamese Laws

Posted on Apr 27, 2023 in Legal Update by

by Loi Pham, Associate An arbitration case usually begins with a notice of arbitration/request for arbitration submitted by a disputing party and ends with the issuance of an award by the arbitral tribunal. As a decision of the tribunal resolving the dispute and having binding effect upon disputing parties, the arbitration laws of countries as well as the rules of arbitration centers normally require the award to satisfy certain requirements. One of them is that […]

Exclusive jurisdiction of Vietnamese courts over disputes relating to rights over real properties in Vietnam

Posted on Apr 27, 2023 in Legal Update by

by Loi Pham, Associate The concept of “jurisdiction” usually refers to a court’s legal power and authority to hear and decide on a case. To say that a court has exclusive jurisdiction means that the law considers such court as the sole court where a dispute can be submitted for resolution; and no other court has the jurisdiction to hear and determine such case, even both parties purport to submit to it. The exclusive jurisdiction […]

Renewed Attention on an Old Topic: Condotels and Resort Villas to have Pink Books

Posted on Apr 18, 2023 in Legal Update by

Vietnam’s slow real estate market has been given a ray of hope with the recent release of Decree 10/2023/ND-CP and the ongoing review of a proposed amendment to the Law on Real Estate Business. These new legal measures aim to create a more transparent legal framework for the development of condotels and resort villas, which complements the regulations provided by Decree 02/2022/ND-CP released last year. This article provides an overview of the legal framework for […]