In Vietnam, the law stipulates nine measures for securing obligations. Among them, a prevalent measure employed by parties to ensure the performance of obligations is the Pledge of property. To ensure that this measure is applied correctly according to legal...
Security measures for the fulfilment of civil obligations are understood as measures prescribed by the law to promote the complete fulfilment of obligations by parties and, in the event of a breach of obligations, the aggrieved party has the right to deal with the...
Suspension of performance of contracts, as stipulated in the Commercial Law of 2005 (“CL”), is a commonly applied measure in trade. To apply this measure appropriately in accordance with the actual situation and to safeguard the legitimate interests of all...
Suspension of performance of contracts, Stoppage of performance of contracts or Cancellation of contracts are strict measures applied to contract violations. When these remedies are applied by the aggrieved party, the violating party is not obligated to fulfill the...
During the execution of commercial contracts, one or more parties may engage in actions that breach their contractual obligations. To protect the legal rights and interests of the parties, as well as to prevent and limit contract violations, parties should establish...
Specific performance of contracts is a commonly applied remedy when there is a breach of contract. The failure to perform, improper performance, or incomplete fulfilment of commitments in a contract, such as failure to deliver goods, or not ensuring the quantity and...
