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
ASSOCIATE - HANOI OFFICE(08/22/2022)
BROSS & Partners is currently recruiting for the qualified Associate (Hanoi Office) Detail
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