Vietnam Business Law is a website managed by lawyers of Venture North Law Limited (VNLaw). Venture North Law Limited (VNLaw) is a Vietnamese commercial law firm. We won the Rising Law Firm of the Year Award at the Southeast Asia Law Awards for the years 2020 and 2021 held by The Legal 500. Very few Vietnamese law firms have achieved a similar regional recognition.
Posted in: Corporate
Set out below are the cases where the Enterprise Law 2014 allows piercing corporate veil (i.e. making a shareholder/member of a company liable for the liabilities of the company). This post is prepared by VILAF legal staffs, Nguyen Bich Ngoc and Ha Kieu Anh.
The Investment Law 2014 offers weaker stability protection for foreign investors against future changes in law. For the last two decades (since 1990) Vietnam has introduced four different Enterprises Laws and Investment Laws. Therefore, stability protection against future changes in law is important for long term foreign investors in Vietnam (e.g. those engaged in infrastructure projects with project financing). Under Investment Law 2014,
Changes
Perhaps the changes to the legal status and meaning of the Investment Certificate are one of the most important changes in the new Investment Law 2014. For decades, the Investment Certificate
A foreign shareholder in a Vietnamese private joint stock company (JSC) including those owning less than 49% of the JSC will be subject to stricter control under the Enterprise Law 2014. In particular, from 1 July 2015, a private JSC established under the Enterprise Law 2014 must submit a list of foreign shareholders to the Business Registration Authority (Foreign Shareholders List). The Foreign Shareholder List must include the following information: