By Nguyen Truc Hien, Kevin Hawkins and Nguyen Quang Vu
December 2014

The National Assembly has just adopted the Law on Real Estate Business No. 66/2014/QH13 on November 25, 2014 (“the New Law”) replacing the Law on Real Estate Business No. 63/2006/QH11 dated 29 June 2006 (“the Old Law”) with effect from July 1, 2015. The major amendments are discussed below.

October 2014

October 10, 2014 - A team from VILAF, led by Partner Nguyen Duy Linh, won both a VIAC arbitration and subsequent court proceeding in a contractor claim against Vinalines, Vietnam’s largest shipping corporation.

By Ngo Thanh Tung, Pham Si Hai Quynh and Nguyen Duy Linh
July 2014

Resolution No. 01/2014/NQ-HDTP of Judges Council of Supreme People’s Court guides the implementation of a number of provisions of the Law on Commercial Arbitration No. 54/2010/QH12 (the “LCA”) and takes effect on 2 July 2014 (“Resolution 01”).

New Rules for businesses providing Sea Shipping Services 
and Auxiliary Sea Shipping Services

By Ngo Thanh Tung, Pham Si Hai Quynh and Nguyen Duy Linh
June 2014

Decree No. 30/2014/ND-CP (Decree 30) was issued on 14 April 2014 and provides new rules on conditions which must be satisfied by businesses providing sea shipping services and auxiliary sea shipping services. Decree 30 will come into force on 1 July 2014 and will replace Decree No. 115/2007/ND-CP.

Ho Chi Minh City, VIETNAM – VILAF is pleased to announce that Kevin Hawkins has joined the firm as a partner in the Corporate and M&A Practice. Prior to joining VILAF, Mr. Hawkins was a partner at Mayer Brown JSM in Vietnam.

IFLR1000, the Guide to the World’s Leading Law Firms, has released on Friday, October 11, 2013 the list of top tier firms in Vietnam in its IFLR1000 24th Edition (2014).

For the third consecutive year, IFLR1000 has recognized VILAF as one of the law firms in Vietnam in the top tier for the areas of Banking & Finance, Mergers & Acquisitions, and Capital Markets.

Singapore IPO and Listing – A significant milestone for KrisEnergy and another major accomplishment for VILAF

Ho Chi Minh City, Vietnam, 1 August 2013

In the cooperative meeting of evaluation and promotion for Japan Vietnam Cooperative Initiative held on November 23, 2012, they summarized the evaluation for Phase 4 of Japan Vietnam Cooperative Initiative.  In the evaluation, the Vietnamese government commits in providing a new guideline in order to clarify Economic Needs Test (ENT) standards.  After the evaluation, the Ministry of Economy and Industry (“MOIT”) issued Circular 08/2013/TT-BCT (“New Circular 8”) on April 22, 2013 in order to change the ENT standards. Based on the change, we discussed the most updated situation of retail businesses for foreign investors in Vietnam below.