On 25 and 26 November 2014, the National Assembly has adopted four fundamental laws bringing a radical change to the regulatory framework in doing business and investing in Vietnam. The key changes are highlighted below, which will enter into force as from 1st July 2015. 1. Law on Enterprise No. 68/2014/QH13 dated 26 November 2014 (“LOE...
Read more »Pursuant to Sub- Decree № 146 dated 27 December 2005 (“SD 146”), many Economic Land Concessions (“ELCs”) have been granted to investors in the agro-industrial sector. An ELC can only be granted for land that meets all of the following five criteria: private State land; having a land-use plan approved by the Provincial/Municipal State Land...
Read more »On 7 May 2012, the Royal Government of Cambodia issued an Order on the Measures to Strengthen and Increase the Effectiveness of the Management of Economic Land Concessions (the “Order”). This Order calls for an immediate and temporary moratorium on the issuance of Economic Land Concessions (“ELCs”). This is a type of land development introduced...
Read more »If the house ownership is transferred separately from the land ownership, 30-days public notice is required before the transfer of house ownership can be registered. During this notice period, objections against the house ownership transfer can be filed. If land and house are sold jointly, no public notice is required. As opposed to land, there...
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