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Vietnam

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As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, and governments and health authorities work tirelessly to defeat it, major economies are experiencing mounting pressure as consumer spending, production and investment are drastically curtailed due to virus-related risks.We recognize that many of our clients are also facing significant and urgent business impact and legal challenges.Our Baker McKenzie teams across the world are working with clients, regulators and various authorities to produce a…

The official website of the People’s Supreme Court has recently been updated and now features a new section for bankruptcy notices. Bankruptcy notices issued by local courts from February 2015 can be found here.

This is the very first nation-wide, publicly available database of court decisions, albeit only focusing on bankruptcy. The database is established pursuant to Article 43.1 of the Bankruptcy Law, according to which decisions to open bankruptcy procedures of the provincial Courts must be sent to the relevant parties and must be published on local newspapers and the People’s Supreme Court web portal. This would enable third parties to check the financial health of a company and enable concerned parties to an insolvent enterprise to actively participate in bankruptcy procedures where applicable.