ICC Arbitration rules 2021 will bring beneficial changes to all parties involved
In an important development for businesses engaged in cross-border transactions, the International Chamber of Commerce has amended its arbitration rules effective January 1, 2021. The amendments are designed to increase the efficiency, flexibility, and transparency of ICC arbitrations, while largely maintaining the core provisions that have made the ICC one of the most popular international […]
Duration and extension of duration of investment project’s operation
From 2021, the Law on Investment 2020 has provided new regulations on the duration of investment projects in Article 44 as follows: No more than 70 years for 3 types of projects: first, projects in economic zones; second, investment projects in areas with difficult socio-economic conditions or areas with extremely difficult socio-economic conditions; second, projects […]
New provisions regarding termination of investment project’s operation according to Law on Investment 2020
In addition to the points previously specified in the Law on Investment 2014, Article 48 of the Law on Inverstment 2020 specifically applied by Articles 57 to 60 of Decree 31/2021/ND-CP stipulates that the project shall be terminated from investment operation if it is in one of the following new cases: Firstly, the project subject […]
New points in Circular 40/2021/TT-BTC/2021 / TT-BTC on taxation with households business and individuals
On June 1, 2021, the Ministry of Finance issued Circular 40/2021//TT-BTC (“Circular 40”) guiding value-added tax (“VAT”), personal income tax (“PIT”) and tax administration for households business and individuals. Compared with the previous regulations, Circular 40 has the following new points: 1. Supplementing many incomes subject to VAT and PIT: Circular 40 supplements a number […]
Protecting homebuyers amid venture upheaval
Real estate transactions always contain many risks, while buyers and investors are often very passive before complicated situations. The mechanism for warning and protecting homebuyers in cases where the investor fails to fulfil obligations, the project is discontinued, or the investor withdraws from a project can be understood as a combination of legal regulations, methods, […]
Registration of Utility Model in Laos
Your company would like to register utility model in Laos, SBLAW would like to provide you some information about the legal procedure of filing utility model in Laos as follows 1. Criteria for protection: Under Ip Laos Law, in order to protect your utility model in Laos, your utility model has to meet the following […]
Establishment of a Representative Office in Vietnam
We understand that your foreign company (“Client”) is seeking legal advice on establishment of a Representative Office in Hanoi City, Vietnam (hereinafter referred to as the “R.O”). We therefore are grateful to present you our Legal Services Proposal for your review and consideration. 1. OUR COMMENTS 1.1.Scope of operation of RO The operation of a […]
Support setting up Freight Transportation Agency Service and Warehouse Service company
SBLAW would like to introduce about setting up Freight Transportation Agency Service and Warehouse Service company in Vietnam as follows: 1. OUR COMMENTS Pursuant to the information provided by Client, we understand that the Freight Forwarder Activity is classified into business lines of Freight Transportation Agency Service and Warehouse Service. Regarding these two business lines, […]
Obtaining a business license for carrying out of Electric Motorcycle’s Retail and Leasing Service
SBLAW would like to introduce the legal procedure for obtaining a business license for carrying out of Electric Motorcycle’s Retail and Leasing Service Vietnam. 1. SCOPE OF WORKS In light above, following works are proposed based on the request of Client. However, depending on the specific position/situation of Client, several work items may not be […]