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Vietnam Legal Update: Notable Changes to Law on LOI & LOE (August 14, 2020)

This newsletter highlights the notable changes to the Law on Investment and the Law on Enterprises which will both come into effect 1 January 2021.

Topics

I. Notable Changes to Law on Investment (Ha Hoang Loc, Cao Tran Nghia)
II. Notable Changes to Law on Enterprises (Ha Hoang Loc, Mai Thi Ngoc Anh)

Asia Newsletter (August 14, 2020) (1.1 MB / 6 pages) Download PDF [1.1 MB]

Authors

廣澤 太郎

Taro HIROSAWA

  • Partner
  • Tokyo Hanoi / Ho Chi Minh City

In addition to seven years' experience in Vietnam, Taro also has experience in working as in-house counsel for a major trading company. He has strong expertise in cross-border M&A/joint ventures, real estate development, labor, compliance, crisis management deals, and international transactions. In recent years, the scope of his work has expanded to include Turkey and other Middle Eastern countries. He is also a member of the Agrifood Practice Team.

ヴ・レ・バン

VU Le Bang

  • Partner
  • Hanoi / Ho Chi Minh City

Bang is a partner with more than 20 years of legal professional experience. He joined  the Ho Chi Minh City Office in 2010, as the first Vietnamese lawyer to join Nishimura & Asahi,offering his experience in a variety of matters, including a diverse selection of notable, complex projects and disputes. Bang specializes in dispute resolution, inbound investments, corporate & commercial matters, M&A, banking, real estate property & construction, and labor. He also has significant experience in providing advice regarding international trade, unfair competition, securities, capital market transactions, project financing transactions, infrastructure projects, and energy projects. Prior to joining the firm, Bang gained advisory experience in both law firm environments and  multinational corporations. He has been a regular contributor to numerous law-related magazines, and has actively participated in the training of law students and legal practitioners, having been a part-time lecturer in Vietnam since 2009. Additionally, Bang is invited as recurring speaker at the seminars and events organized by reputable legal profession related institutions and organizations.

Bang is a 2001 graduate of Hanoi University of Law , and received an LL.M. in international law from the Transnational Law & Business University in Seoul, Korea in 2006, supplementing with an additional LL.M. in U.S. law from Antonin Scalia Law School George Mason University in Virginia in 2024. He is also pursuing a Ph.D. in international law at Charisma University School of Law and a Ph.D. in criminal justice at Liberty University - Helms School of Government in the U.S. 

Chambers and Partners has recognized Bang as a leading lawyer  in M&A and Real Estate. He is a listed arbitrator of several institutions including the Vietnam Lawyers' Commercial Arbitration Center, and a member of the Ho Chi Minh Bar and the Vietnam Bar Federation. He is fluent in both English and Vietnamese.

ハー・ホアン・ロック

HA Hoang Loc

  • Partner
  • Hanoi / Ho Chi Minh City

Mr. Loc joined Nishimura & Asahi (Ho Chi Minh City Office) in July 2012. Before that, he spent more than 8 years with other foreign and domestic law firms in Vietnam. He has assisted clients in many large-scale cases including, among others, an acquisition of shares in a public pharmaceutical company in Vietnam, transactions acquiring shares in a public construction company, an acquisition of shares in a digital retailer listed in Vietnam, and bidding by a client for development of a real estate project in Ho Chi Minh City. Mr. Loc has assisted many well-known Japanese investors in investments worth hundreds of millions of US dollars in finance leasing, real estate development, and steel manufacturing businesses in Vietnam. He has advised a number of giant Japanese companies in conducting their business in Vietnam, and he has given lectures to clients’ employees in relation to anti-corruption matters. He has also advised clients in carrying out product recall procedures in Vietnam. Mr. Loc has authored various articles including Anti-Corruption Survey 2014 (Vietnam Chapter) - Anti-Corruption Survey published in 2014, the Mergers & Acquisitions Review - Eighth Edition - (Vietnam Chapter) published in 2014, Vietnam: All change for offshore investors - International Financial Law Review published in 2014, Vietnam: The investment conditions list - International Financial Law Review published in 2015, and Simplifying foreign Investment - International Financial Law Review published in 2016. Mr. Loc is a 2001 graduate of the Ho Chi Minh City University of Law (LL.B), and received an LL.M (with Merit) from Southampton Solent University (England) in 2008. He is admitted to the Ho Chi Minh City Bar Association (since 2008), and the Vietnam Bar Federation (since 2009). He is fluent in both English and Vietnamese.