Phuoc & Partners Vietnam International Law Firm

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Legal Update Newsletter January 2014

Our Part I of this Legal Newsletter introduces a legal article titled “The United States Supreme Court’s verdict transforms the publishing industry – Do the Vietnamese enterprises benefit from such ruling?” written by our Partner Tran Thanh Tung and Paralegal Nguyen Thi Hong Hoa, issued in The Saigon Times on December 5th 2013. In this article, we analyze and discuss on a number of issues related to the ruling from the case of Kirtsaeng vs. John Wiley and Sons whereby a publisher in the United States filed a petition against a Thai student because he asked his friends and family in Thailand to buy copies of foreign edition English language textbooks from Thai book shops and then resold it on eBay to students in the United States, the impact of the verdict on the book distribution market and which options for Vietnam.

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

  1. Foreign strategic investors may hold up to 20% of the charter capital of a Vietnamese credit institution.
  2. Some novelties guiding the Labour Code in connection with employment.
  3. New amendment on the invoices for the sale of goods and services provision.
  4. Some new guidelines for sublease of labour.

Apart from the above, as usual, our Part III will provide you the selected list of new regulations issued in the month 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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