Binh Thuan People's Committee loses lawsuit

Friday, Dec 20, 2013 15:29

Swiss Village project is carried out by the Swiss Village Joint Stock Company in the central province of Binh Thuan. The firm has recently won the court case over the provincial People's Committee. Photo

BINH THUAN (Biz Hub) — The People's Court of central Binh Thuan province asked the provincial People's Committee to issue an adjusted investment certificate, changing the legal representative of the Swiss Village Joint Stock Company.

In addition to the request, which was made earlier this week, the People's Committee was also asked to pay court fees worth VND200,000 (US$9.5).

The foreign company had sued the administration for causing difficulties in the issuance of the adjusted certificate.

The company was given an investment certificate by the People's Committee in May 21, 2009, with charter capital of more than $2.2 million. The Homerinos Management Limited company accounts for 99 per cent of its charter capital, and the Invest Port East Limited company owns one per cent. Sergey Kanilin was a legal representative of these two firms.

Kanilin told the court that he had submitted complete documents to the provincial Department of Planning and Investment in order to apply for the adjusted certificate in October 15, 2012. He added that the department had then requested the People's Committee to issue the certificate, but the agency did not do so.

The court said that the People's Committee did not follow the legal procedure, adding that the Swiss Village Joint Stock Company had won the case. — VNS

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