Senior Associate Minh Doan shared his thoughts on the implementation of the 2005 Ordinance on Foreign Exchange and risks of using foreign currencies in shares transactions if the parties are not knowledgeable of foreign exchange restrictions in Vietnam. Below is an excerpt of his article in the Vietnam Investment Review. Foreign exchange restriction is one of the measures used to stabilise the foreign currency market, helping enhance the convertibility of VND, especially in the context […]
At the Vietnam M&A Forum 2022 held at the Gem Center in Ho Chi Minh City on 23 November 2022, VILAF was named Best M&A Advisory Firm of the Year. The Vietnam M&A Forum is a prestigious M&A event held annually by Vietnam Investment Review and Bao Dau Tu, with more than 500 attendees. The event each year also honors outstanding M&A transactions and outstanding advisory firms of the year in the country. VILAF has […]
October and November 2022 have been dynamic months for the energy sector in Vietnam, with the following important developments: On 11 November 2022, the Ministry of Industry and Trade (“MOIT”) submitted its amended proposal 7194/TTr-BCT to the Prime Minister on the proposed power master plan (“PDP8”) for the period 2021-2030, with a vision to 2050. On 28 October 2022, the State Auditor issued its Official Letter 641/KTNN-TH (“OL 641”) to the MOIT on the findings […]
The asymmetric dispute resolution clause under the law of Vietnam
Posted on Nov 11, 2022 in Legal Update by VILAF
When it comes to dispute resolution, there are so many choices available to disputants. Of which, court and arbitration are the most popular ones. In many cases, to maximize the advantages of each dispute resolution method and make a choice more suitable to the nature of the dispute as well as the interests needing to be protected, a party having stronger bargaining power in a contractual relationship often wishes to reserve its right in selecting […]
Congratulations to our Counsel Tung Nguyen for being named on the 2022 Asia Legal Business “40 Under 40” List, which showcases 40 of the brightest young legal minds in Asia for the year. The lawyers were chosen based on the quality and complexity of the work they have handled and their career achievements and selected out of more than 500 nominated lawyers in Asia. View the full list in ALB Asia 40 Under 40 2022.