- HM&P: Vietnam International Law Firm
- HM&P: Vietnam International Law Firm
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- https://hmplaw.vn/
Corporate and M&A
At the beginning of this year, multiple U.S. media outlets reported that KPMG U.S. was nearing the final steps to become the first of the "Big 4" auditing firms to operate a law firm in the country. The potential approval by the state of Arizona for KPMG U.S. Law Firm - an arm of the KPMG auditing firm - to operate independently has sparked a significant shift in the legal services market . Allowing non-lawyers to own law firms presents considerable disadvantages for traditional law firms but offers a major competitive edge to the world’s top auditing firms.
For many businesses, finding and selecting a law firm or legal practice (collectively referred to as “Law Firm”) to handle their legal issues has never been an easy task. With an overwhelming number of service providers, lawyers with varying levels of expertise and practice areas, and countless specialized legal criteria, those responsible for selecting legal service providers for their businesses often find themselves in a difficult position.
It is now apparent to all of us that we are living in an age, a technological era, where AI drives nearly all dominant trends, profoundly influencing almost every industry and profession, including the legal field and those practicing law in Vietnam.
The Ministry of Planning and Investment is currently in the process of finalizing the Draft Decree on household businesses . This marks the first time regulations concerning household businesses will be consolidated into a single legal document. Essentially, the Draft Decree aims to separate household businesses from the general regulations governing enterprises, thereby creating more favorable conditions for their development. However, several issues still need to be addressed to ensure the Draft Decree fully serves its purpose of paving the way for household businesses.
Below is the list of prestige law firms, curated by HM&P based on in-depth criteria including service quality, brand reputation, and outstanding contributions to the legal industry in Vietnam over the past year. The rankings are arranged randomly as follows
The world has entered the second half of the third decade of the 21st century, and it is also the time when we enter an era where digital transformation and technology develop like a storm. In this context, Vietnamese law firms are facing unprecedented challenges. The global economy is gradually entering the borderless era, leading to the increasingly extensive and strong development of the world's leading law firms in the Vietnamese market, which is putting domestic law firms in front of challenges that are not easy to overcome. This article will clarify the challenges and opportunities of Vietnamese law firms in the new context and propose solutions to help domestic law firms reach out and integrate once again with the global arena of the legal industry.
In the previous issue, through the article titled “Expanding markets from FTAs - Seeking opportunities from challenges”, the author analyzed several challenges faced by Vietnamese enterprises in leveraging the benefits from Free Trade Agreements (FTAs), one of which is the rules of origin of goods. This is also one of the barriers for Vietnamese enterprises to enjoy tax incentives under FTAs. Above all, to fully capitalize on Vietnam’s signed FTAs, it is time for Vietnamese enterprises to be more serious in researching and applying the regulations on origin of goods in FTAs to support their export activities.
Promotion is a commercial activity that businesses use to stimulate the consumption of goods and services, providing benefits to customers. According to regulations, there are various forms of promotion, ranging from providing free samples to organizing chance-based programs with attractive prizes. Although it is a common practice, many businesses still encounter significant challenges when conducting promotional activities, including issues related to the administrative procedures involved. In order to address some of the common concerns and frequently asked questions that businesses face when carrying out promotions, HM&P has prepared and is pleased to present this Q&A document on legal compliance in promotional activities, for businesses to refer to in the course of their operations.
The Board of Directors (“BOD”) is the governing body that plays a crucial role in a joint-stock company, acting on behalf of the company's shareholders to oversee its operations. Each member of the BOD holds significant responsibility, influencing whether the resolutions and decisions of the BOD are approved or not.
Recently, at the 8th session of the 15th National Assembly, 18 Draft Laws and 21 Resolutions were passed. Several of these Laws are expected to impact business operations. To help businesses stay updated and adapt to the new regulations, this article highlights some key new provisions in important Laws that may affect business activities.
On June 26th 2023, the Mercantile Exchange of Vietnam (MXV) officially launched nationwide trading of commodity options contracts, marking a significant milestone in the development of Vietnam's financial and commodity markets. This is a commendable effort to integrate with international standards and promote the widespread use of options contracts on other underlying assets. However, this nascent market faces numerous regulatory challenges that pose risks to investors and hinder sustainable development.
In business, merging one company with another has become a common strategy to increase market share and competitiveness. However, for companies involved in litigation, a merger is not only a basic business registration procedure, but also poses potential legal risks in litigation, leading to the possibility of a judgment being set aside. This article provides an overview of the litigation risks associated with mergers and the steps companies should take to avoid them.
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