Amendment of Business License, License for establishment of retail outlet when changing legal representative under Decree No. 09/2018/ND-CP
Since 15 January 2018, Decree No. 09/2018/ND-CP detailing Law on Commerce and Law on Foreign Trade Management (“Decree 09”) has taken effect replacing Decree No. 23/2007/ND-CP (“Decree 23”). However, since there has not been a guiding Circular, it results in several problems arising in practical execution
During working time, employees, especially high–seniority personnel may access confidential information owned by enterprises such as business secret, know-how of manufacturing technology, business strategy, customer data, etc.
As prescribed in Law on Enterprises 2005, the legal representative (Legal Rep) of an enterprise may possibly be Chairman of the Management Board of joint stock company, Chairman of the Members' Council, or Chairman of company of limited liability company, or Director, General Director thereof.
At present, regulations on the termination of investment project and revocation of Investment Certificate have been covered and governed by the Investment Law 2014 and Decree 118/2015/ND-CP (“Decree 118”) superseding Investment Law 2005 and Decree 108/2006/ND-CP (“Decree 108”).
The new regulations regarding goods purchase & sale activities and goods purchase and sale related activities of foreign-invested enterprises in Vietnam
On 15 January, the Government promulgated Decree 09/2018/ND-CP detailing Commerce Law and Law on Foreign Trade Management on goods purchase and sale activities and goods purchase & sale related activities of foreign-invested enterprise, foreign-invested business organizations in Vietnam (“Decree 09”) to replace Decree 23/2007/ND-CP (“Decree 23”).
New regulations on sanctions for administrative violations in the field of construction investment and real estate
On November 27th, 2017, Decree 139/2017/ND-CP was issued providing sanctions for administrative violations in construction investment activities; extraction, processing and trading of minerals used as building materials, production and trading of construction materials; management of technical infrastructure works; trading in real estate, housing development, management and