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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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

Legal solutions to labour disputes

Wednesday, November 23^rd 2005, half-day seminar at the New World Hotel, Ho Chi Minh City. In collaboration with TUV Rheinland Group.

For most business owners and managers, the most challenging aspect to doing business in Vietnam is probably about managing its workforce. In addition to cultural and language barriers, foreign investors have to deal with very restrictive labour laws which are clearly in favour of employees.

Vietnam’s labour system is set in such a way that any form of discipline has to be based on written rules, rather than what we sometimes call “common sense”. Even in cases where company rules have been breached, complex procedures need to be strictly followed, as dictated in the laws, or otherwise face failure. The fact that employers only win in 7% of all labour cases brought to Vietnamese courts clearly show that only a handful of companies fully understand Vietnam’s labour system.

In a bid to challenge these statistics, LuatViet, the leading law firm on labour matters, lent a helping hand by giving a seminar on the delicate subject of labour disputes to more than 150 business managers on November 23^rd 2005.