VIETNAM’S SANDBOX FOR FINTECH: TO JOIN OR NOT TO JOIN?
An exceptional long awaited pilot scheme In Vietnam, the decree for regulations on controlled testing mechanism for financial technology activities in the banking sector (Fintech Sandbox Decree) has been waited since its first draft in 2020. Now, this long awaited decree is expected to be enacted by Vietnam Government in the third quarter of 2023[1].
SBV PUBLISHES NEW CIRCULAR ON OFFSHORE LOANS WITHOUT GUARANTEE
Introduction On 30 June 2023, the State Bank of Vietnam (SBV) issued Circular 08/2023/TT-NHNN (Circular 08), prescribing the eligibility requirements for foreign loans without the government’s guarantee.
HOW TO PREPARE YOUR ORGANISATION FOR PDPD COMPLIANCE?
On 31 May 2023, an updated draft of the Cybersecurity Administrative Sanctions Decree for violations against the PDPD and Decree No. 53/2022/ND-CP guiding the Cybersecurity Law was released for public consultation in the context that the Decree No. 13/2023/ND-CP on Personal Data Protection (PDPD) will come into effect in the next couple of days (i.e., …
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BOUNDARIES OF SHAREHOLDER AGREEMENTS: EXAMINING THE VALIDITY OF TYPICAL PROVISIONS OF SHAREHOLDER AGREEMENTS
Shareholder agreements (SHA) in Vietnam, like in many other jurisdictions, are frequently used to manage the relationships among some or all shareholders of a company. An SHA typically comprises four fundamental elements: anti-dilution, secondary share transfer restrictions, decision-making restrictions, and corporate management and control. While the relevant laws provide some degree of coverage for anti-dilution …