Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter December 2010

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “The year 2010 – sorrows and joys of joint stock companies” written by our lawyer Mr. Tran Thanh Tung. By this article, we give more comments on disadvantages of current laws for joint stock companies.

In Part II, we would like to provide you with some notable regulations as follows:

  1. Investment Capital Contribution Contract is also a type of securities.
  2. Branch of foreign non-life insurance enterprise is permitted to operate in Vietnam.
  3. The breach of the regulations on goods in which business is prohibited may be fined for administrative offences with the value of up to VND35,000,000.
  4. Some new guidelines for customs valuation of imported and exported goods.

Apart from the above, as usual, the selected list of news regulations is available for your further reference.

We hope that this Newsletter is of use to you. Should you have any questions, please feel free to contact us.

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