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…
On 03 July 2024, the Government of Vietnam issued Decree No. 80/2024/ND-CP on Direct Power Purchase Agreements between Renewable Energy Generation Corporations and Large Power Consumers (“Decree 80”), which would immediately take effect from the date of issue.
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).
Currently, Mergers and Acquisitions (M&A) are considered popular and effective strategies to expand the enterprises’ scope of business. Therefore, training sessions for internal members are of great importance as they would help to ensure strict management of the M&A Procedure, and these training sessions are often held by CNC.
The debate on the applicable law of construction contracts will end if the Draft Precedent No. 06/2024 is approved.
The bases upon which to refuse recognition and enforcement of Foreign Arbitral Awards in Vietnam have recently received plenty of concern due to the increasing demand for arbitral awards to be recognized and enforced in Vietnam. Due to the principle of sovereignty, the recognition and enforcement of foreign arbitral awards is subject to potential refusal….
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
