Update

National Assembly passed six important laws

National Assembly passed six important laws

ANT Lawyers, Nov 23rd, 2012

The Standing Committee of the National Assembly undertook revision of Clause 1, Article 3 of the Draft Law as follows: “Cooperatives are the collective economic organizations with co-ownership and have legal status, established by at least seven members whom voluntarily provide assistance and cooperation in the production and trade businesses, in order to create jobs and meet the needs of their members, on the basis of self-reliance, self-responsibility, democracy and equality in the cooperative management “.

At the same time, The Standing Committee of the National Assembly have added Clause 3, Article 3, as follows: “When cooperatives, unions of cooperatives developed to a higher level, it will form business cooperatives unions of cooperatives; business cooperatives and unions of cooperatives operating under the Enterprise Law.”

The National Assembly voted to adopt five other bills, including the Law on amending and supplementing a number of Articles of the Law on Lawyers; Law on  amending and supplementing a number of articles on the Electricity Law; Tax Management Law; National Reserve Act and Publishing Law (amendment).

With the Electricity Law, The Standing Committee of the National Assembly amended and supplemented a number of provisions at Point a, Clause 2, Article 39, Electricity Law on the obligation to comply with the safety regulations on dams and transport reservoir; supplemented Clause 1, Article 54 that “Water reservoirs, dams and ancillary works for hydropower plants have to be built, managed, protected to ensure safe operation for the power plants and the downstream “.

For Lawyers Law, before the adoption of the entire bill, the National Assembly has voted to reject the draft clause that allow law lecturers, government officials practising law.  Chairman of the Judiciary Committee Mr. Nguyen Van Hien said that allowing government officials to practise law will disperse resources, affecting professional expertise and in the meantime it will be challenging to ensure the quality of the legal profession.

Tuan Nguyen

Recent Posts

Vietnam Company Location Strategy: 8 Checks Before Signing an Office, Factory or Warehouse Lease

A lease can be commercially attractive and still does not comply in legal consideration. The…

1 hour ago

Property Sale Contract in Vietnam: 8 Clauses Foreign Buyers Should Understand

A property sale contract in Vietnam should protect the buyer against risks involving payment, legal…

3 hours ago

Buying a Vietnamese Company: 10 Legal Checks Before a Foreign Investor Signs

An operating company can provide licences, people, customers and facilities faster than a new business…

1 day ago

Real Estate Deposit Agreement in Vietnam: 7 Risks Before Transferring Money

A real estate deposit agreement transaction in Vietnam can decide the buyer’s risk before the…

1 day ago

Joint Venture Governance in Vietnam: 10 Protections Foreign Investors Should Negotiate

Joint venture disputes rarely begin with the legal percentage alone. They begin when one partner…

2 days ago

How to Start a Business in Vietnam: 10 Steps for Company Setup and Launch

To understand how to start a business in Vietnam, separate company registration from legal readiness…

5 days ago

This website uses cookies.