Resolving trade disputes via court or arbitration?
(Aug 31, 2016)
When both court and arbitration have jurisdiction over the
resolution of disputes arising from the performance of commercial
contracts, selecting the appropriate mode of resolution will help the
parties ensure the benefits of the process and save a lot of time,
effort and money.
The Government has issued Decree No 73/2016/ND-CP on July 1, 2016
detailing the implementation of the Law on Insurance Business. The
Decree regulates the establishment and operation of life insurance,
non-life insurance, health insurance, reinsurance enterprises and
foreign insurer branches.
Establishing a representative office in Viet Nam is considered a safe
initial step before traders conduct a series of complex high-cost legal
procedures to establish a wholly foreign-owned enterprise.
The Government has issued Decree No 86/2016/ND-CP (July 1, 2016)
governing requirements applicable to securities investment and business
activities in Viet Nam.
Terms of content conflict resolution, validity of the contracts, and
transfer of contractual obligations are basic terms that often get
overlooked, but they can help enterprises minimize serious damage when
entering into contracts.
Circular 83/2016/TT-BTC governs in detail several cases subject to incentives as follows:
The finance ministry issued Circular No. 83/2016/TT-BTC ("Circular 83")
on June 17, 2016. It guides the implementation of investment tax
incentives prescribed in the Investment Law and Government decree No.
118/2015/ND-CP, which details and regulates several articles of the
The acts of copying and cropping articles, images and videos posted on
official websites of organisations or individuals, might be subject to
administrative and even criminal sanctions for copyright infringement.
To avoid fines for inadequate compliance with provisions of the law, PLF
suggests newly-established enterprises should pay heed to the following
In civil and commercial agreements, the parties to the contract may
choose Vietnamese or other foreign languages to be the language of
contracts. An exception applies in cases where specialised laws may
require the contract to be written (or to have a copy) in Vietnamese.
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