Why the left of ship called “Port” and the right “Starboard”?
Feb 05, 2021Ships transport about 90% of the global trade of goods and are the oldest and most popular means of transport in the international sale and purchase of merchandise. However, words and terms about ships are sometimes confusing for those who have worked in jobs related to this field.
Disputes on authority to sign contracts
Dec 08, 2020In the signature section at the end of each contract, representatives of each party are usually stated. A dispute happened when a party assumed that the representative was not the lawful representative or was just a branch director, so the contract was invalid. The following disputes developments with the arbitral tribunal’s analysis could help prevent damages due to disputes for readers’ reference.
DISPUTES ON TIME BAR
Nov 10, 2020“Time bar meant a time limit during which entities/individuals were entitled to sue, requesting the Court to resolve civil cases to protect their infringed legitimate rights and interests; if that time limit ended, the right to sue was lost” (Clause 3 Article 150 of 2015 Civil Code). However, paying billions of VND just because of not knowing that the time bar already expired or there were cases where the time bar was "unlimited" (law suit could be started at any time), or "extended" (time excluded from time bar) through some lawsuits below so that you could see the importance of time bar.
Logistics SMEs urged to speed up digital transformation
Oct 12, 2020Vietnamese logistics firms, especially small and medium-sized ones, need to get up to speed on digital transformation to enhance their competitiveness if they want to enter global markets after the pandemic ends, experts have said.
VieON users in mire after exit of MoMo
Oct 12, 2020Even as major e-wallet platforms enhance partnerships with businesses to gain a foothold in the local market, locally-invested MoMo has suddenly cancelled its contract with an over-the-top platform, raising concerns over whether the e-wallet platform is strong enough without the alliance.
Lessons about invalid contract, inspection and Incoterms over a lawsuit
Oct 06, 2020The contract might be invalidated for reasons unexpected by the parties; careless selection of an inspection company resulted in losing legal evidence; and inadequate understanding of the right to claim under the CFR Incoterms rule leading to an unacceptable request were some of the summaries of the lawsuit below for your reference.
Controversial draft decree may make banks lose potential foreign investors
Sep 24, 2020Recently, some commercial banks have curbed foreign ownership limits in their capital to below the bar of 30 per cent set by the State Bank of Việt Nam (SBV).
A dispute on new for old insurance
Sep 10, 2020The damaged property could be replaced under the insurance contract, but the method was not as simple as the thought of the insured in the dispute below, resulting in the loss of hundreds of millions of VND, which was a lesson learned for the enterprise participating in insurance and let readers refer to their practical activities.
What was "Insurance profiteering"?
Aug 12, 2020What was insurance profiteering? It was an illegal act to seek profits from insurance enterprises. Here were some acts of insurance profiteering for readers’ reference.
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