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

Tackling labour strikes

Tuesday, March 14th 2006, Luncheon at the Sofitel Plaza Hotel, Ho Chi Minh City. Starting January 2006, and lasting a few months, waves of illegal labour strikes fell on many foreign invested enterprises located in the southern part of Vietnam, and especially those in industrial parks around Ho Chi Minh City.

It is difficult to say what caused the strikes and many factors have been blamed. Nonetheless, quickly responding to the worries of foreign business owners and managers, LuatViet hosted on March 14^th 2006 a very successful seminar on how to manage labour strikes in the light of Vietnamese laws.

The seminar first aimed at arming the audience with knowledge about the current legal framework on labour strikes and gave insights on the content related to labour strikes in the draft new labour law. For the second part of the seminar, LuatViet lawyers discussed about the difficulties in dealing with labour strikes and shared its experience regarding what should be done to minimise the risk and severity of labour strikes.

At the end of the seminar, more than 100 business owners and managers knew what the law said about labour strikes, what were the limits, and what systems these companies needed to put in place in order to minimise the risk and severity of labour strikes.