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 :: 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 extends its international network to the UK

The founder and managing partner of LuatViet, Tran Duy Canh, along with partners Huck Thanh Nguyen and Nguyen Phuong Trinh, have a co-operation agreement with the UK law firm Harvey Ingram LLP, to enable the two firms to work together .

LuatViet and Harvey Ingram LLP have agreed to work together to develop a program that will benefit their commercial clients and build on opportunities created by Vietnam joining the World Trade Organisation. The two firms will shortly be announcing some exciting new initiatives and will be holding discussions with clients on how they can benefit from the collaboration.

“LuatViet is a leading provider of legal services in Vietnam and works with a number of firms in Asia, whilst Harvey Ingram is a UK law firm with major transactional work in Europe,” said a spokesman for Harvey Ingram. “Both firms define themselves as client-orientated and work towards being trusted business partners, as well as legal advisers.”

“This is an exciting time for both law firms,” said Huck. “With Harvey Ingram’s experience, professionalism and dedication to personalize legal services throughout the UK and Europe, we share the same fundamental values and feel an association between the two firms would substantially benefit all of our clients.”

Tran Duy Canh, managing partner, said that being associated with a firm that provides quality legal and business solutions throughout the UK and Europe can only enhance our ability to serve our clients on a global basis. The association is also in line with our key objective of aligning our firm with global partners to provide a higher level of legal services to our clients.

“As our global village becomes more open and accessible, both firms should expect to see an injection of a wide variety of businesses in our respective countries. This association should provide a great foundation for the inter-exchange of information and assistance.

John Stobart, partner, who heads up the Corporate Finance & Transactions team, said “Vietnam is one of the rapidly emerging Asian economies and already supplies textiles and footwear to some of the firm's major clients. Its entry into the World Trade Organisation will mean exciting opportunities,” he said. “Co-operation with leading firms across Asia is a key element of our Corporate Finance & Transaction team's business plan and this is one example of how we are progressing our strategy. We see ourselves as a strong regional firm in the Midlands and we are developing a number of initiatives which build on our depth of experience here in a number of sectors and which we hope to be able to announce later this year.”

About Harvey Ingram LLP:

Harvey Ingram LLP, a well-established law firm, is listed as one of the top 20 firms in the Midlands, with an office in Leicester and two offices in Birmingham. With over 90 attorneys, Harvey Ingram LLP provide solutions to corporate, commercial, e-commerce, dispute resolution, employment, property and personal legal questions to its broad range of clients.

http://www.harveyingram.com/