Luat Viet

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

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Question :: Some enterprises have recently issued convertible bonds in the Stock Market. What is the convertible bond and conditions to issue convertible bonds ?
Question :: Shares of my Company are listed on the HOSE. The enterprise intended to increase its charter capital under the form of issuing additional shares to offer investors in 2009. Nevertheless, when the enterprise registered the dossier to increase its charter capital with the competent Planning and Investment Department, this competent authority did not accept the vote counting minutes, which collects the shareholders’ written opinion. As a result, the Planning and Investment Department requested the enterprise to supply the copy of the Minutes of the General Meeting of Shareholders of the Company. Please kindly advise how the law regulates this case?
Question :: We are a bank accepted by the State Securities Commission (SSC) to issue share to public to increase the charter capital. Under the applicable regulations, the invested capital by the Investors to purchase shares of an enterprise must deposit in an escrow bank account at a commercial bank (CB). Please kindly advise whether we are permitted to open such bank account at our bank or not?

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LEGAL NEWS

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.”
Based on Hanoi People’s Committee’s proposal, the Prime Minister approved, in principle, the investment project for establishment of this company with its business objectives, content and scope of operation as outlined by Hanoi People’s Committee.
Hanoi People’s Committee will consider the particular issues on the issuance of the Investment Certificate for the investment project together with establishment of this company in accordance with applicable laws.