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A promising feature of the market is that the Vietnamese government has continued to push a legislative agenda aimed at increasing foreign investment. Recent measures include the implementation of new laws on enterprise and investment, the lifting of some restrictions on foreign ownership of residential properties and the ratification of the Trans-Pacific Partnership. These developments have triggered a surge in M&A activity as well as increased interest in the local real estate market from foreign investors, notably those from other Asian countries. IP and TMT lawyers have also benefited with more multinationals establishing businesses in Vietnam. In dispute resolution, the Vietnamese International Arbitration Center is gaining in credibility, leading to more cases being heard under its rules. One area of relative stagnation is banking and finance as the sector continues to recover from the financial crisis and liquidity issues faced by a number of Vietnamese banks in recent years.
Firms in the spotlight
Lexcomm Vietnam LLC
Lexcomm Vietnam LLC (“Lexcomm”) is a premier full-service corporate and commercial law firm with key legal practitioners spread across our Hanoi and Ho Chi Minh City offices. We are a significant legal force in this emerging market, and our clients value the depth of our Vietnamese law capabilities.
PBC Partners & RHTLaw
PBC Partners & RHTLaw provides legal and legal-related consultancy services and was founded by experienced Vietnamese lawyers in 2005. From its inception, PBC Partners & RHTLaw has striven to create value, both internally and externally and has now planted its feet firmly on the Vietnam legal map. It has two offices, one in Ho Chi Minh City and the other in Hanoi.
GC Powerlist -
Australia and New Zealand
Recognising in-house innovation, quality and excellence, the GC Powerlist: Australia and New Zealand identifies an array of the most influential and innovative in-house counsel working in these two jurisdictions.
MoreGC Powerlist - Asia Pacific
The Legal 500 Asia Pacific - Insight reports
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On 6/20/2012, the National Assembly voted to adopt the Law on Price (the "LOP") in response to the public demand for an effective legal framework to control price manipulation from dominant enterprises such as gasoline, electricity, etc. The law will take effect from 01/01/2013 and repeal Ordinance No. 40/2002/PL-UBTVQH10 dated 26/4/2002 of the National Assembly Standing Committee (the "Ordinance"), which is conceived as outdated and containing certain provisions contravening the WTO’s regulation. This article describes the main features of the law and provides some insight into its potential impacts on the Vietnamese economy.
AF Group ASA, listed at the Oslo Stock Exchange (OSE-AFG), a leading international civil engineering and construction group headquartered in Oslo, has acquired the renowned Swiss engineering and construction planning company Edy Toscano AG with 370 employees. Together with AF Consult Switzerland AG, AF Group will be among the three largest Swiss engineering and construction planning companies with a combined turnover in Switzerland exceeding CHF 100 million.
VEGAS LEX has organized a roundtable on the main trends of taxation in Russia in 2016-2017*.
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We are pleased to announce that our employees Ayesha Curmally, Michael Isler, Robert von Rosen and Stefan Knobloch, who have been with us for many years, have now been appointed as partners in our chancellery, effective from 1st January 2017.
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Fairfax Financial Holdings Limited (Fairfax) (TSX:FFH) (TSX:FFH.U) and Allied World Assurance Company Holdings, AG (Allied World) (NYSE:AWH) have entered into a merger agreement (the Agreement), pursuant to which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, Allied World shareholders would receive a combination of Fairfax subordinate voting shares and cash equal to USD 54.00 per Allied World Share, for a total equity value of approximately USD 4.9bn.
Interest rates for building loans were considerably higher between 2010 and 2013 than they are today. Consequently, it may well be worthwhile withdrawing from real estate loans that were taken out after June 10, 2010.