The world is changing and changing fast. Yesterday’s solution may not work today. Hope clients find this insight helpful.
The 2023 Real Estate Business Law (“New Law”) was approved by the National Assembly of Vietnam with an effective date of 01 August 2024.
In recent years, this New Law along with the 2024 Land Law and the 2023 Housing Law received the significant attention of domestic and foreign enterprises – especially that of real estate enterprises.
Prolongation Cost Claims – 6 Notable Issues Prolongation Cost Claims Nowadays, Prolongation Cost Claims have become an indispensable element in the management of any Construction Contract. Accordingly, Prolongation Cost Claims may be interpreted as a form of financial compensation for Contractors when the Time for Completion of Work is prolongated beyond the planned schedule.[1] From…
The Ministry of Natural Resources and Environment recently submitted to the Government the draft of the National Assembly’s Resolution on the pilot implementation of commercial housing projects in non-residential lands whose land use rights are to be obtained via agreements or already available (“Pilot Draft”).
Land Law No. 31/2024/QH15 dated 18 January 2024 (“2024 Land Law ”) was approved by the National Assembly of Vietnam and will take effect as of 01 January 2025 (with the exception that some of the provisions will take effect sooner).
The debate on the applicable law of construction contracts will end if the Draft Precedent No. 06/2024 is approved.
Whether documents in arbitral proceedings shall be undergone consular legalization or not is a debated issue in Vietnamese Courts’ practice. This issue causes the concerns and risks to the relevant parties, especially who are foreign parties.
On 10 and 11 May 2024, CNC is honored to host a training course on FIDIC Contracts for one of the most prominent construction contractors in Vietnam – Coteccons Construction Joint Stock Company
New Approach of Vietnam’s Courts on Liquidated Damages Liquidated Damages have become a debated topic in Vietnamese jurisdiction. For a long time, many Vietnamese Courts have argued that such damages were unacceptable. However, is there any change recently? To answer this question, CNC shall introduce to readers this article undertaken by Mr. Tran Pham Hoang…
On October 1st, 2023, the Chief Justice of the People’s Supreme Court issued Decision No. 364/QD-CA on the promulgation of precedents, with the total number of new precedents being 7, and the effective date being November 1st, 2023. This Decision has increased the number of available precedents in Vietnam to 70. Among these 7 new…
