On 06/4/2020, Prime Minister issued Decision No. 13/2020/QD-TTg on incentives mechanism for development of solar power in Vietnam (“Decision 13”), taking effect as of 25 May 2020. Decision 13 imposed a new Feed-in Tariffs of note for solar power projects in Vietnam as follows: 1. Regarding grid-connected solar power projects Grid-connected solar power projects are
The Labor Code is one of many key legal instruments in terms of regulating labor relations, affecting all economic sectors, enterprises, organizations, and employees. Revision of the Labor Code is an essential step to overcome obstacles during the course of applying labor regulations, internalizing international labor standards in order to establish a legal framework for
Last November, the State Bank has gathered opinions on the Draft replacing Decree No. 101/2012/ND-CP on non-cash payments (“the Draft”)[1], in which a noteworthy point is the regulation on the maximum capital contribution ratio of foreign investors in the field of intermediary payment services. Specifically, foreign investors may only own, directly or indirectly, no more
Dear our Valued Clients, Victory LLC would like to inform you about the schedule of New Year Holiday 2020 as follows: Victory LLC office will be closed for from January 23th 2020 (Thursday) to February 2nd 2020 (Sunday). We will resume our business on February 3rd 2020 (Monday). We will respond to your queries as
I. AMENDMENTS TO THE LAW ON INSURANCE BUSINESS AND LAW ON INTELLECTUAL PROPERTY 2019 To ensure the implementation of the Comprehensive and Progressive Trans – Pacific Partnership (CPTPP), the National Assembly has passed the Amendments to the Law on Insurance Business and Law on Intellectual Property under simplified procedures, taking effect as of 01/11/2019, except
On 27/11/2019, Victory LLC was honored to welcome Mr. Chaiporn, representative of Chiang Mai University’s Law Faculty, along with his 2 colleagues to visit our office and have some cordial conversations with us. Dr. Dung TRAN and Lawyer Dung LE, on behalf of Victory LLC, introduced them to our firm and shared about the law
In 2018, we witnessed Victory LLC’s remarkable growth, as the firm was granted the title of “Spotlight Firm” by Legal 500 and awarded with “Notable Firm” by AsiaLaw [1]. With such momentum, Victory LLC continued to push forward, with each successful deal bringing the firm closer to the podium of glory. As 2019 slowly comes
In most M&A deals, one of the first documents that parties to transaction must negotiate is the Term Sheet or Letter of Intent. This is a non-binding agreement between parties confirming their intention to enter into a transaction and a summary of the material terms of the deal. It also allows the parties to determine
Bonds are becoming an attractive investment channel because of their alluring interest rate and that bond issuance is generally underwritten by credit institutions. As other investment channels, risks and profits are the main concern of every investor. Their decisions depend on one, and only one, factor: information.
