Corporate Governance
Loss of business – Members of LLC can withdraw capital?
A two-member limited liability company may reduce its charter capital, but must comply with certain conditions to ensure the interests of its creditors. Legal grounds: Enterprise Law 2020. We get...
Members of LLC – Responsible for debt greater than capital contribution?
Members of a limited liability company must contribute capital fully and on time to the company, and must be held responsible if they violate the obligation to contribute capital. Legal...
The director, legal representative of LLC was arrested – Who takeover?
The company must ensure that there is always a representative to carry out civil transactions. If the legal representative is arrested, a replacement must be found. Legal grounds: Enterprise Law...
Doing business in Vietnam but unregistered business lines – Still accepted?
Enterprises in Vietnam are free to do business in sectors not prohibited by law, but must carry out necessary procedures to limit risks. Legal grounds: Enterprise Law 2020; Decree No....
Member of the Board of Directors – Must pay compulsory social insurance?
A member of the Board of Directors is an enterprise manager and may receive salary, remuneration, bonus and other regimes according to regulations. Legal grounds: Enterprise Law 2020; Law on...
Businesses shake hands to divide the market?
Enterprises are not allowed to agree on the division of customers to limit competition, except in the case of jointly promoting the competitiveness of Vietnamese enterprises in the international market...
Dissolution of FDI enterprises – cases of dissolution? tax obligations must be fulfilled?
Dissolution is a procedure for terminating an enterprise. Before dissolution, the enterprise must carry out certain procedures Legal grounds: Enterprise Law 2020; Circular No. 38/2015/TT-BTC; Circular No. 39/2018/TT-BTC. We received...
Foreign investor able to set up an executive office in Vietnam under BCC?
Foreign investors can cooperate with domestic investors to invest into Vietnam in the form of BCC and be granted an Investment Registration Certificate Legal grounds: Law on Investment in 2020....
M&A – Notes for Seller when conducting legal due diligence
Legal due diligence in an M&A transaction will be carried out with many contents including: reviewing and assessing the legal compliance of the target company, potential risks such as administrative...
Notes when converting loans into charter capital in the company
Enterprises borrowing capital from the parent company or a partner but cannot pay the debt, can convert the loan into contributed capital and increase its charter capital Legal grounds: Law...
