PROCEDURES FOR ADJUSTING AN INVESTMENT PROJECT ACCORDING TO A COURT DECISION OR ARBITRAL AWARD

PROCEDURES FOR ADJUSTING AN INVESTMENT PROJECT ACCORDING TO A COURT DECISION OR ARBITRAL AWARD

Project implementation would typically cause various disputes to arise, which must be resolved by the judgments and decisions of the court and arbitration. Meanwhile, investment projects must be adjusted to conform to these judgements and conclusions. Thus, how should the procedures to adjusting an investment project be? HTC Vietnam Law firm will assist investors in answering this matter in the article below.

I. Legal basis

- Investment Law 2014

- Decree 118/2015 / ND - CP

II. Scope of consultation

When an investment project must be adjusted due to an effective judgement or decision of a court or arbitral tribunal,the investor shall adapt, receive, and continue implementing the investment project based on such judgement or decision.

With regard to an investment project executed under an Investment Registration Certificate, the investor shall submit 01 set of application to the investment registration authority of the administrative division where the project is located. The application consists of:

- A written request for permission for project adjustments;

- Copies of the ID’s card or passport (if the investor is an individual); copies of the Certificate of Enterprise Registration or an equivalent document which certifies the investor’s legal status (if the investor is an organization);

- The effective court decision or arbitral award.

The investment registration authority shall adjust the Investment Registration Certificate within 15 working days from the receipt of the valid application as specified in the related Law.

The above HTC’s are our consultation on the investment procedures for investment in the form of capital contribution or purchase of shares or stakes. HTC Vietnam Law Firm is honored to accompany clients in resolving all legal issues. Please contact us for the best consulting services.

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For more details, please contact:

HTC Vietnam Law Firm

Address: 15th Floor, Multipurpose Building, 169 Nguyen Ngoc Vu, Trung Hoa Ward, Cau Giay District, Hanoi.

Tel: 0989.386.729; Email: [email protected]

Website: https://htc-law.com; https://luatsuchoban.vn

(Writer: Tuan Anh; Date: )

Translator: Pham Nguyen Nhat Linh