What are the advantages of including an arbitration clause compared to court proceedings

What are the advantages of including an arbitration clause compared to court proceedings?

Question: Dear Lawyer, in a contract, what are the advantages of including an arbitration clause compared to court proceedings? What costs might arise from choosing arbitration? Answer: Currently, dispute resolution methods are becoming more diverse and providing more options when disputes arise. One of the dispute resolution methods that has shown many advantages and gained […]

Establishing a Business and Choosing a Business Type - SBLAW

Establishing a Business and Choosing a Business Type

Question: Dear Lawyer, if I want to establish a single-member limited liability company (LLC) with an individual member, are there any restrictions on the minimum capital? Is it necessary to submit documentation proving the source of capital? Answer: The Enterprise Law does not stipulate a minimum capital requirement for establishing a company. The company may […]

Conditions and procedures for establishing a foreign-invested company (FIC) in Vietnam in the fields of security services and laundry services - SBLAW

Conditions and procedures for establishing a foreign-invested company (FIC) in Vietnam in the fields of security services and laundry services.

Question: Dear lawyer, I would like to receive advice on the conditions and procedures for establishing a foreign-invested company (FIC) in Vietnam in the fields of security services and laundry services. Answer: Under Vietnamese Law on Investment, for setting up a FIC in Vietnam, the Client is required to propose an Investment Project initially to […]

Is a traffic accident on the way home from work considered a work-related accident?

Is a traffic accident on the way home from work considered a work-related accident?

Question: Dear Lawyer, an employee of our company was involved in a traffic accident on their way home from work, resulting in injuries. The accident occurred 15 minutes after the end of the workday and took place in the area where the employee temporarily resides. The employee suffered a broken right leg. Based on the […]

Can employees work 11 hours of overtime per day due to an IT incident?

Can employees work 11 hours of overtime per day due to an IT incident?

Question: Dear Lawyer, The Information and Communications Technology (ICT) department of our Company has recently encountered an operational incident, and as a result, the ICT Manager intends for employees to work an additional 11 hours per day beyond their regular working hours. My question is whether the tasks required to secure and restore lost IT […]

Decree on Non-Cash Payments

Decree on Non-Cash Payments

On May 15, 2024, the Government issued Decree No. 52/2024/NĐ-CP, which regulates non-cash payments. The key provisions of the Decree are as follows: - Opening

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Adjustment of Petroleum Prices

Adjustment of Petroleum Prices

On May 16, 2024, the Ministry of Industry and Trade issued Circular No. 3250/BCT-TTTN regarding the management of petroleum business operations. The Ministry of Industry

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Official Dispatch 2125/TCT-CS 2024 on value added tax policy.

Value added tax policy

On May 20, 2024, the General Department of Taxation issued Official Dispatch 2125/TCT-CS 2024 on value added tax policy. Accordingly, in case the Company signs

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Corporate Income Tax Incentives

Corporate Income Tax Incentives

On May 20, 2024, the General Department of Taxation issued Circular 2133/TCT-CS 2024 regarding tax policies. Based on the amended Law No. 32/2013/QH13, which supplements

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