date: 11-03-2015 12:02:53
FBNC News: Decreasing legal risks of sales of houses built in the future
Mr. Tran Thanh Tung of Phuoc & Partners was again invited by Ho Chi Minh City Television to contribute his expertise for FBNC News about decreasing legal risks of sales of houses built in the future.
Purchasing houses built in the future has always been a hot issue because of its high legal risk. Hence, from January 7th 2015, the amended Real Estate Business Law and the amended Housing Law have come into force with many changes in the new regulations regarding the sale and mortgage of this type of housing.
Mr. Tran Thanh Tung of Phuoc & Partners was interviewed by FBNC News about the impact of those changes on purchasing and mortgaging houses built in the future. In this second collaboration with FNBC, Lawyer Tung discussed changes to the two new laws and analyzed theirlegal impacts, particularly regarding the reducing of risks when purchasing and mortgaging this type of housing.
"...this firm is warmly recommended by sources for the extent of its corporate, tax and accounting expertise. The banking and finance practice draws plaudits for its strong representation of real estate sector clients in their financings with local banks. Founding partner Phuoc Huu Nguyen is a standout name within this team." www.chambersandpartners.com
Phuoc & Partners ‘responds on time, provides appropriate advice, has deep knowledge of local laws, and good communication skills...'
...Managing partner Nguyen Huu Phuoc is ‘particularly good, being knowledgeable about local laws, a good communicator, and quick to respond’.
"...these firms have best been able to turn clients’ changes in attitude to their advantages..."
"...In an enviroment where the routine work is no longer up for grabs and only the most complex or specialist work will be outsourced, it is those law firms who pitch their tax skills in these areas that will succeed..." www.asia.legalbusinessonline.com