The 2015 Civil Code stipulates fidelity guarantees as a measure to ensure the performance of obligations. The direct purpose of fidelity guarantees is to help individuals and poor households gain access to credit sources for production, business, and consumption...
Dear valued Customers and Partners, We are pleased to introduce to you our Legal Newsletter, which summarizes the key legal documents of October 2023, including: – Notable contents of Circular No. 12/2022/TT-NHNN on guidelines for foreign exchange administration...
The guarantor-creditor relationship arises through an agreement between the guarantor and the creditor via a guarantee contract. Based on legal provisions regarding guarantees, guarantee fulfilment follows the principles of i) conditional guarantees, where the...
An escrow deposit is a measure to ensure the performance of obligations by the obliged party. Typically, the obliged party will deposit a sum of money into a restricted account at a credit institution. If the secured obligation is violated, the credit institution will...
Security collateral is a measure to ensure the fulfilment of obligations to return leased property, which is a movable property in a property lease contract. Additionally, security collateral aims to ensure the fulfilment of payment obligations and the obligation to...
