Luat Viet

Advocates & Solicitors

“I don't need lawyers who win at all costs, I really need them to win, but calculate the costs.”

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Company A is a Shareholder (“Shareholder A”) owning less than 5% of the shares in Company B – a joint stock company (Company B). Under an agreement between Shareholder A and Company B, Shareholder A shall have the right to nominate one representative to be the Chief of the Inspection Committee (Inspection Committee) in the Company B. Then, Company B shall elect such representative to be Chief of Inspection Committee. From a legal point of view, does this agreement break the law? While all the decisions still waiting for the approval of the General Meeting of Shareholders (GMS), what will we have to do if the 2009 GMS does not approve this agreement because of subjective idea of the Company B? In the agreement between both parties, which terms and conditions (if any) should we offer to guarantee our interest?

Our Firm News

Mr. John Yue and Mr. Tran Duy Canh, the Attorneys-at-law of LuatViet, joined the Advoc 2009 Joint Conference.

Mr. John Yue and Mr. Tran Duy Canh, the Attorneys-at-law of LuatViet, joined the Advoc 2009 Joint Conference held in Beijing, China from 20th to 24th of May 2009.

New lawyers joinning LuatViet

We have just welcomed some new lawyers joining LuatViet to cater for the work requirement and new challenges in the context of the increase of our client numbers.

LuatViet - Advocates & Solicitors joined ADVOC ASIA

LuatViet – Advocates & Solicitors joined ADVOC ASIA as the exclusive member firm in Vietnam during the 13^th annual general meeting held in Auckland, New Zealand during October 17-21, 2008.

New regulation on financial regime applicable to insurance enterprises and insurance brokerage enterprises.

On 28 April 2009, the Ministry of Finance issued Circular No. 86/2009/TT-BTC amending and supplementing some articles of (i) Circular No. 155/2007/TT-BTC dated 20 December 2007 of the Ministry of Finance...

Fee for shares auction

On April 27, 2009, the Ministry of Finance issued Circular No. 82/2009/TT-BTC stipulating the fee level, collection, management and usage of the fees for shares auction.

Listing and transacting of Government bond issuing in Foreign Currencies.

On April 24, 2009, the State Securities Commission of Vietnam (“SSC”) issued Decision No. 253/QD-UBCK providing regulations on listing and transacting of government bond issued by the Government dominated in foreign currencies (“sovereign bond”) at the Hanoi Stock Exchange (“HNX”).

Government approves establishment of satellite digital television limited liability company

On May 12, 2009, the Prime Minister issued Official Letter No. 3030/VPCP-QHQT on policy on to the investment project for the establishment of “Vietnam satellite digital television limited liability company.”