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Dzungsrt & Associates LLC is, arguably, ‘the pre-eminent firm in Vietnam for shipping matters’; its ‘experienced, knowledgeable team’ is ‘particularly adept at providing good legal services to international clients’. Managing partner Nguyen Manh Dzung is ‘a leader in the field who gives good, commercial and practical advice’, and shipping practice head Dang Viet Anh, who handles wet shipping work, ‘understands what clients are looking for and is able to provide clear and practical advice’. Vu Phuong Trang heads up the dry shipping and non-contentious offering. Highlights included acting for the owners of a Vietnamese vessel which was arrested in the United Arab Emirates regarding an alleged $19m debt; the vessel was released subject to an agreement. The group also represented insurers and ship-owners in four separate cases where ships collided with jetties.

Rajah & Tann LCT Lawyers handles a mixture of shipping work, covering both sensitive wet shipping disputes and heavyweight transactions. Recent work concerning vessel arrests includes Chau Huy Quang and foreign counsel Logan Leung representing two different oil tanker owners, in separate cases, following the detention of the vessels and confiscation of the cargos; in both cases the vessels were detained transporting fuel that border guards considered to be illegal. Transactional work includes handling M&A in the sector, as well as providing day-to-day advice to companies in the industry; Vu Thi Que is a key name in this space. Other clients include P&I clubs.

EPLegal Limited’s Tony Nguyen handles transactional and dispute matters concerning shipping. He advised Saigon Offshore Fabrication and Engineering on the purchase of a vessel, which necessitated transferring its flag of registration from Singapore to Vietnam, and represented Hung Lam in a dispute with now-defunct vessel operator Hanjin Shipping regarding damage to eleven containers of rice being transported from Vietnam to Ghana. He also advised Triyards on ship mortgages regarding four vessels.

Frasers Law Company provides ‘excellent service – level of knowledge of local law and practices means that clients feel protected and taken care of’. The firm has expertise in buy-side matters concerning shipbuilding, as well as offshore industry regulation and M&A deals regarding shipping-sector businesses. Mark Fraser and senior associate Ho Thuy Ngoc Tram are recommended.

Freshfields Bruckhaus Deringer handles project financing matters concerning Vietnamese ports and transaction projects. Tony Foster in Hanoi and Don Stokes in Ho Chi Minh City are noted.

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  • The Law On Price by Dr. Nguyen Anh Tuan, LNT & Partners

    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.

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