THE CREDIT NATURE OF LETTERS OF CREDIT (L/C)?(04/15/2024)
Letter of Credit or Documentary Credit (abbreviated as “L/C”) is a method that has developed into an international practice and is now widely used in cross-border trade transactions. Detail
NDA: HOW WE SHOULD AVOID VOIDING ARBITRATION AGREEMENT(10/26/2023)
On June 25, 2018, the Saigon Economic Times published an article titled "Ban on working for competitors - recognized by law". In order to clarify the issues related to the Non-Compete and Confidentiality Agreement ("NDA") that the article mentions, we highlight some legal aspects based on the provisions of Vietnamese law for your reference. Detail
INITIAL COIN OFFERING IN VIETNAM: CURRENT LEGAL FRAMEWORK AND IMPLICATIONS(10/16/2023)
Investopedia provides a description of an Initial Coin Offering (“ICO”) as follows: “A company seeking to raise money to create a new coin, app, or service can launch an as a way to raise funds. Interested investors can buy into an ICO to receive a new cryptocurrency token issued by the company. This token may have some utility related to the product or service that the company is offering or represent a stake in the company or project.” In this sense, in 2017, the State Bank of Vietnam (“SBV”) explicitly stated that Cryptocurrency is not a legal tender in the territory of Vietnam and condemned the offering, supplying and using of Cryptocurrency as a payment method as serious offenses that are subject to both administrative and criminal sanctions. Detail
OFFICIAL COURT’S PRECEDENT ON ARBITRATION AND EMPLOYEE NON-COMPETES DISPUTES (09/28/2023)
One noteworthy case is the Precedent derived from Decision No. 755/2018/QD-PQTT dated 12 June 2018 of the Ho Chi Minh City People’s Court (the “Precedent”), relating to a dispute between a multinational corporation’s subsidiary in Vietnam (the “Company”) and its former employee, the first alleged that the latter breached her obligation under a non-compete agreement. Detail
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