Vietnamese law firms improve alliance By Phuong Thao - The Saigon Times Daily HCMC - HCMC-based law firm Indochine Counsel and Hanoi-based Leadco Vietnam Legal Counsellors announced last Friday to expand their alliance to serve more foreign clients seeking to enter Vietnam's market and engage in international business. The two firms will maintain separate identities and team up on certain cases, including intellectual property rights and real estate matters, he said in a press release. This is one of only a few such alliances in the industry and the largest in Vietnam. It will provide a deep pool of legal professionals, services and counsel, Duc added. The three-year-old Indochine Counsel provides experienced legal practitioners while Leadco is a full-service law firm founded in 1992 with a strong reputation in banking, information technology, foreign direct investment, mergers & acquisitions, international trade and dispute resolution. … [Read more...] about Vietnamese law firms improve alliance
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Vietnam International Law Firm Hong Duc has won the National Law Firm of the Year award for the second consecutive year from regional magazine International Financial Law Review (IFLR). The award is now considered the benchmark for legal practice in Asia and is presented annually by IFLR to one law firm in each Asia-Pacific country having the best track record in advising international finance deals. VILAF has consulted for major international banks in Vietnam in loan negotiations and registration procedures. … [Read more...] about Law firm wins international award for second year in a row
VietNamNet Bridge - The Competition Law, which became effective in 2004, should contain more specific language about penalties and fines, experts said. Nguyen Trong Nghia, a member of the Viet Nam Competition Council (VCC), said that "warnings" and "penalties" in the law needed to be clarified. "It should identify which cases apply to warnings or to penalties. This would help avoid the uncontrolled use of penalties applied to violators," he said, adding that many companies had received penalties unfairly. … [Read more...] about Experts discuss competition law
VietNamNet Bridge – The recent happenings in the telecom market recently have raised the worries that the monopoly would return and frustrate the current competitive market. The monopoly has returned to some telecom market segments. The transmission channel leasing market once witnessed the existence of three enterprises. However, after EVN Telecom merged into Viettel, only two big guys have been left to dominate the market, namely the Vietnam Post and Telecommunication Group (VNPT) and Viettel. Some telcos have recently denounced VNPT of colluding with Viettel to raise the channel leasing fees. … [Read more...] about Telcos warn telecom market marching toward the monopoly
The high tax rate of 40,000 dong per kilo on nylon bags has prompted seafood export processing companies to think of importing bags. Chu Van An, Deputy General Director of Minh Phu Seafood Company, has said that when packing shrimp products for export, the company needs a plastic bag and a paper bag. His company uses a lot of plastic bags to pack products for export. Until January 1, 2012, the company had bought plastic bags at 20,000 dong per kilo. However, with the environment protection law, which taxes 40,000 dong per kilo of bags, the expenses on packing would increase by three folds, which would lead to the higher production costs. Business director of V Seafood Export Company said that the company uses two kinds of plastic bags, a thin and a thick one. In general, the expenses on nylon bags account for 1.5 percent of the total expenses. One may think that 1.5 percent is just a small sum of money. However, if noting that fish materials alone account for 80 percent, … [Read more...] about Environment protection law leads to higher unemployment?