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...
A deposit contract is a form of agreement aimed at binding parties in various civil transactions. In practice, parties may use deposits to secure the signing of a land use rights transfer contract, a sale and purchase agreement, a lease agreement, and more. In this...
Compensation for Damages (CFD) resulting from a contractual breach is a crucial legal measure that plays a compensatory role for the damaged party (the entitled party) in the aftermath of a breach of contract. To apply the compensation for damages appropriately,...
