Lac Duy & Associates
October 29, 2020
The requirement of caution when being about to participate or when negotiating and signing civil, commercial transactions in general, and mergers and acquisitions transactions (M&A) in particular is not a new issue, but again, it cannot be taken lightly. When there is a situation of serious content deviation between the Vietnamese version and the foreign […]
Lac Duy & Associates
October 23, 2020
Increasing the environmental protection tax rate in regards to production from VND40,000 up to VND200,000/kilogram of produced plastic carrier bags as drafted by the Ministry of Finance appears to only make an impression on figures. Since the end of the period of 2014-2016, during a training course at a UK university, I have witnessed an […]
Lac Duy & Associates
October 23, 2020
It is normal and recommended to allow a subsidiary which operates ineffectively and falls into insolvency to go bankrupt for the sake of a healthy business environment. However, except for subsidiaries which are only the front companies to conceal non-transparent or illegal business activities of parent companies, the bankruptcy of an enterprise causes losses to […]
Lac Duy & Associates
October 10, 2020
In the case of a company that has sued its employee (“Employee”) for breaching a Non-Disclosure and Non–Competition Agreement limiting the Employee from working for the company’s competitors (non–competition agreement), several controversial assessments and legal precedents have followed. As made by the Commercial Arbitration Council (CAC), these have delivered different opinions to the concerned parties, […]
Lac Duy & Associates
October 10, 2020
Read the first part to Lac Thi Tu Duy’s commentary on the Vinasun v Grab dispute here. The dispute seems not to be the private matter between Grab and Vinasun anymore, but a battle between the “traditional taxi” and the “tech-based taxi”. We need to know what point of view the judge holds in this case. […]
Lac Duy & Associates
October 10, 2020
The panel hearing the case between Vinasun and Grab appears to be taking the more prudent approach before giving a ruling. It has adjourned the first-instance hearing until 22/11/2018; to have more time to verify and collect evidence before providing its conclusion regarding the alleged VND41 billion damage suffered by Vinasun. However, whatever the result […]
Lac Duy & Associates
October 9, 2020
Demand to sign agreements regarding information security and noncompetition (Non-Disclosure-Non-Competition Agreement, abbreviated as NDA), which often incorporates a commitment to not work for a competitor after an employee terminates the labour contract (Non-Competition Agreement, abbreviated as NCA), is rapidly increasing in most domestic and foreign enterprises. However, the realistic effect of limiting the right to […]
