Work permit exemption for foreign investors contributing capital to a limited liability company

Question: Our company is a multi-member limited liability company. In the near future, a foreign investor plans to contribute 2 billion VND and join the Member’s Council of the company. We would like to request legal advice regarding the conditions for work permit exemption, or the necessary legal procedures and required documents to apply for a […]

DOES APPLYING THE SPECIAL INVESTMENT PROCEDURE AUTOMATICALLY QUALIFY A PROJECT FOR SPECIAL INVESTMENT INCENTIVES?

Question What is the special investment procedure under the Law on Investment 2025? Is a project implemented under this procedure automatically entitled to special investment incentives? Answer The Law on Investment 2025 introduces the special investment procedure under Article 28 to simplify the process of implementing investment projects. However, many investors confuse the special investment […]

Is It Necessary to Sign New Employment Contracts After a Corporate Merger?

Question After a company is merged or consolidated with another company, do the existing employment contracts remain valid, or must the successor company sign new employment contracts with its employees?   Answer   Under the Vietnamese Labor Code 2019, a merger or consolidation of enterprises does not automatically terminate existing employment contracts. The successor employer […]

What Is the Difference Between a Memorandum of Understanding (MOU) and a Business Cooperation Contract (BCC)?

Question: What is the difference between a Memorandum of Understanding (MOU) and a Business Cooperation Contract (BCC)? Answer Although both an MOU and a BCC are commonly used in investment transactions, they serve different legal purposes. A Memorandum of Understanding (MOU) is not specifically recognized as a separate type of contract under Vietnamese law. Its […]

What Legal Risks May Arise If a Developer Uses Deposit Funds to Finance a Project?

Question: What legal risks may arise if a property developer uses deposit funds received from customers to finance a real estate project? Answer Under Article 328 of the Civil Code 2015, a deposit is a security measure intended to secure the conclusion or performance of a future contract. In principle, deposit funds are not intended […]

ADVICE ON INHERITANCE

 Question: Dear Lawyer, in the event that a deceased person does not leave a will, how will the estate be distributed? How is inheritance divided

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