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Phuoc & Partners Attorneys At Law

Legal Update Newsletter November 2016

Our Part I of this Legal Newsletter introduces the legal article titled “Mechanism for a legal entity as representative to be respected” written by lawyer Le Trong Them and Ms. Chu Quynh Bao Ngoc. In this article, the authors have raised several limitations in the enforcement of the 2005 Civil Code (“CC 2005”, such provision is understood that only individual can act as a representative for another individual or a legal entity. Since 01 January 2017, the 2015 Civil Code (“CC 2015”) will take effect and replace the CC 2005 solves and so solve this practical issue during CC 2005 enforcement.

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

  1. Area minimum wage in 2017 will increase by 7.3% as opposed to 2016
  2. Detailed guidelines on foreign employers working in Vietnam
  3. Amending and supplementing some regulations on prices
  4. Amendments and supplements to a number of regulations on administrative sanctions in the securities sector

Apart from the above, as usual, our Part III will provide you with a selected list of new regulations issued in November 2016 for your further reference.

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

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