Are foreign-invested enterprises in the form of Limited Liabilities sep up under the former Law on foreign Investment considered as Limited Liabilities Companies under the current Enterprise Law?
According to the former Law on Foreign Investment, joint venture enterprises and wholly-foreign owned enterprise formed up in the form of limited liability companies (Article 6, Article 15 of the Law on Foreign Investment); In Article 6 Decree 101/2006/ND-CP date 21/9/2006 on re-registration, conversion and registration for renewal of Investment Certificates by foreign investment business […]
Please tell the difference between foreign-invested enterprises in the form of Limited Liabilities Companies under the former Law on Foreign Investment and foreign-invested enterprises in the form of Limited Liabilities Companies under the current Enterpr
Limited Liabilities Companies established under the former Law on Foreign Investment and those under Enterprise Law can be compared as follows: identical features: a) allocation of rights and responsibilities pro rata capital contribution: The Law on Foreign Investment (Article 6, Article 15): joint venture parties or investors marking capital contributions shall share profits and risks […]