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Question :: I am a member of the Supervisory Commission (the Commission) of a public company which is unlisted and termed from 2007 to 2010. Until now, my term is still valid. In 2009, I was [not] invited to attend any meeting of the company’s Commission. Recently, I also did not attend the Commission’s meeting to produce the Commission’s Report for submission to the General Shareholder’s Meeting (the Meeting) year 2010 on April 9. I was informed that this Commission’s Report was built by the Commissions’ Director (the another member of the Commission also did not attend). I would like to ask you whether the operation of the Commission like that is legal or not? Is the Report mentioned above legal? What should I do to comply with the rights, duties and obligations of a Commission’s member?
Question :: I am a president of the Management Board (“the Board”) of a public company. As per regulations, the term of the Board, Supervisory Commission (“the Commission”) is five (5) years. Therefore, the first term of the Board, Commission is due on November 2010. However, in order to facilitate the voting of the Board, the Commission in the second term, the Board would like to submit the General Shareholder’s Meeting (“the Meeting”) with the latest on April 19, 2010 for renewal of the first term of the Board, the Commission until April 2011. So, the question is that is the renewal true or not? If the shareholders are not taken opinions directly at the Meeting, can the Board collect opinions indirectly from shareholders in writing? If the Meeting does not pass the renewal, how can the voting of the Board, the Commission be taken in compliance with laws?
Question :: Our company registers shares at the Securities Depository Central (SDC), but cannot deposit, of which my 10.000 shares. So, can I transfer directly 2.000 shares to my brother and compliment 2.000 shares to my wife?

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Our Firm News

LuatViet in its ever growing practice acquires three Attorneys, and two new Business Developers

LuatViet extends its international network to the UK

LuatViet - Advocates & Solicitors joined ADVOC ASIA

Larger and better team for better services to clients – Luatviet, Advocates and Solicitors preparing for opportunities upon VietNam entry into WTO.

New lawyers joinning LuatViet

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

LuatViet Media Release

LuatViet participated in the VnTPO 2009

LuatViet published The Legal Guide for Doing Business in Vietnam

LuatViet welcomes new lawyers to join the firm.

LEGAL NEWS

Vietnam’s proposed personal income tax law harsh, say experts

Employment termination: strict rule confirmed

Legal solutions to labour disputes

Tackling labour strikes

Approximate US $81 Million Contract Signed between Ha Tien 1 Cement and Polysius AG

Should foreign firms re-register under new law?

Law eases foreign ownership limits

Expansion Of Distribution Rights For Foreign Invested Enterprises In Vietnam

Adjustment Of Natural Resources Tax Rate

Issuance Of Regulations On Conditions To Produce And Trade Alcohol

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