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 :: 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 Advocates & Solicitors was awarded the “Law Firm of the year 2009”


Mr. Tran Duy Canh on behalf of the law firms honored at the ceremony delivered a speech.

On 4th May 2010, at Daewoo Hotel in Ha Noi, LuatViet Advocates & Solicitors was awarded the “Law Firm of the year 2009” by Vietnam Legal Newspaper in co-operation with Ministry of Justice, Vietnam Bar Federation, and Vietnam Lawyers Association.

The ceremony was honored with the presences of Mr. Truong Vinh Trong, Member of Politburo - The Secretariat of the Central Committee of Communist Party of Vietnam - Deputy Prime Minister of Socialist Republic of Vietnam; Mr. Uong Chu Luu - Member of the Central Committee of Communist Party of Vietnam – Vice chairman of Vietnam’s National Assembly; Mr. Ha Hung Cuong - Member of the Central Committee of the Communist Party of Vietnam, Minister of Ministry of Justice as well as the representatives from central and local authorities and organizations.

It is the first time ever such an award is given in Vietnam to honor organizations and attorneys with outstanding performance in legal practice in the areas of legal advice on business, investment, trade, and intellectual property, etc. The Voting Council comprises representatives of State agencies, social organizations having close working relationship with lawyers’ activities such as representatives of Ministry of Justice, the Supreme People’s Procuracy of Vietnam, Vietnam Chamber of Commerce and Industry, and Vietnam International Arbitration Centre. Mr. Tran Duy Canh – the Managing Partner of LuatViet cheerfully shared his thoughts that: In the previous year, even though the market in general was in a difficult situation but giving its best efforts, LuatViet has provided legal consultation for various investment projects in capital market related works such as bonds issues, in M&A, and real estate related works. This award shows our society’s acknowledgement and honor to lawyers’ activities in common and LuatViet’s development in particular in 2009.

Mr. Tran Duy Canh received the certificate of the “Law Firm of the year 2009” from Mr. Truong Vinh Trong, Member of Politburo - The Secretariat of the Central Committee of Communist Party of Vietnam - Deputy Prime Minister of Socialist Republic of Vietnam

Established in 1999, LuatViet which now has two offices in Ho Chi Minh City and Ha Noi, and about 30 lawyers and associates, is one of the leading law firms in Vietnam. This award reaffirms LuatViet position and its professional role, contributing to further developing lawyer career, and bringing benefits to individuals, enterprises in and out of Vietnam.