The Legal 500


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Top-tier recommendations



Within Banking and finance, Vilaf is a second tier firm,

Key highlights for the four-partner team at Vilaf included advising the lender, Japan Bank for International Co-operation (JBIC), on the financing of the Vung Ang 2 BOT power project. The firm also acted as Vietnamese local counsel for Woori Bank in a loan transaction to Keangnam Vina One Member relating to a power project in Hanoi. Paul Sullivan joined in December 2012 from Allen & Overy LLP’s Sydney office. Tran Anh Duc joined Allen & Overy LLP.

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Within Capital markets, Vilaf is a first tier firm,

In 2012, Vilaf acted as Vietnamese counsel to Vingroup, a real estate and tourism development and management company, during the client’s $300m international convertible bonds issuance, which were issued in two phases and listed on Singapore’s Securities Trading Floor. In 2013, Nguyen Quang Hung acted for ANZ Bank Vietnam on issuing corporate bonds for Vinacomin, and Vo Ha Duyen advised issuer Hoang Anh Gia Lai Group on restructuring a number of Vietnamese dong denominated bond agreements.

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Within Corporate and M&A, Vilaf is a first tier firm,

Vilaf produces ‘highly sophisticated’ work. The team handles acquisitions (in which context, it acts almost exclusively for the buyers), and provides corporate governance advice (where it is currently assisting a Malaysian investment group). In a recent work highlight, the team advised longstanding client SCG on an agreement to purchase 85% of the Prime Group Joint Stock Co., which completed in December 2012. Dang Duong Anh is a key name to note.

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Within Dispute resolution, Vilaf is a first tier firm,

The ‘very professional’ team at Vilaf has recently handled a contractual case, a shareholders dispute and fraud cases. Ngo Thanh Tung, Vo Ha Duyen, Nguyen Duy Linh and Pham Si Hai Quynh are recommended.

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Within Insurance, Vilaf is a first tier firm,

Vilaf acts for P&I clubs in maritime disputes, but also handles general insurance matters and M&A in the insurance sector. The firm continues to advise AIG, Prudential and Manulife. Pham Si Hai Quynh and Nguyen Duy Linh are recommended.

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Within Projects and energy, Vilaf is a first tier firm,

The ‘excellent’ team at Vilafholds its own’ against competitors. Key highlights included advising Japan Bank for International Co-operation (JBIC) on its financing arrangement for the Vung Ang 2 thermoelectric power project in Ha Tinh, which has BOT status. Clients of the pratice include Petronas, GE Oil & Gas and EDF. The firm was strengthened by its recent merger with LDV Laywers, and particularly the addition of Luu Hoang Ha, who is valued for his regulatory insight and understanding of the petroleum industry.

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Within Real estate and construction, Vilaf is a first tier firm,

At Vilaf, Pham Si Hai Quynh led the advice to VRE Investment on the sale of its 100% interest in the CentrePoint Office Tower in the Phu Nhuan district of Ho Chi Minh City. Elsewhere, Nguyen Truc Hien acted for Blenheim Properties Investment Vietnam on the establishment of a joint venture for the Dragon Beach Resorts project in the Khanh Hoa province.

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Within Shipping, Vilaf is a second tier firm,

Ngo Thanh Tung and Nguyen Duy Linh co-head the department at Vilaf, which represents international clients in ship building, charter party and insurance claims, vessel collision cases and environmental matters. The group also handles WTO and investment issues connected with foreign investment in the shipping industry. Clients include Hutchison Port Holdings and Bunge Limited.

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Within Tax, Vilaf is a first tier firm,

Vilaf handles tax planning and structuring. Recent work highlights include tax planning advice relating to a de-merger in the oil and gas industry and a BOT power project. Vo Ha Duyen and Dang Duong Anh are recommended.

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Within TMT, Vilaf is a first tier firm,

Recent highlights at Vilaf include advising an EU mobile phone company on the privatisation of telecoms operators in Vietnam, and assisting a US telecoms company with setting up of subsidiaries in Vietnam. Ngo Thanh Tung and Dang Duong Anh head the practice.

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Legal Developments in Vietnam

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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.