Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter March 2016

Our Part I of this Legal Newsletter introduces the legal article titled “Loophole in law creates a breach of contract!” written by Lawyer Tran Thanh Tung and Mr. Le An Hai. In this article, the authors analyse the inadequacies of Decree 219/2013/ND-CP and Circular 25/2014/TT-NHNN, particularly how it has inadvertently created a complicated procedure for enterprises in the registration of transactions for deferred purchase agreement. In analysing real life situations, it is clear that the law in this instance is not moving with business practices, but has also created exploitable loopholes.

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

  1. Several new criminal regulations on taxes, labour and social insurance
  2. New Decree on the business of liquefied petroleum gas
  3. New Circular on foreign loan registration
  4. Adding a method to determine the stock cost price upon liquidation or disposal

Apart from the above, as usual, our Part III will provide you with a selected list of new regulations issued in March 2016 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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