Vietnam Construction Industry: Situation and Opportunities for 2024
2024.4.11

Vietnam Construction Industry: Situation and Opportunities for 2024

In February 2024, Vietnam adopted a new Construction Industry Development Strategy for 2030 – 2045, aiming to boost the construction market, especially in urban infrastructure and housing. The strategy prioritizes key infrastructure projects in major cities and sets ambitious goals for housing construction, including doubling urban housing rates by 2030 and building 1,000,000 housing units

  • #Vietnam
Procedure for Pre-legislative Consultation – a Dynamic Move in Ease of doing business.  
2024.4.9

Procedure for Pre-legislative Consultation – a Dynamic Move in Ease of doing business.  

Introduction   The Ministry of Corporate Affairs (hereinafter referred to as “MCA”) has recently circulated a draft policy called as “Draft Policy for Pre-Legislative consultation and comprehensive review of existing Rules and Regulations” (hereinafter referred to as “the Draft Policy”) which has come into effect from 1st January, 2024. The draft policy aims to conduct public

  • #India
The importance of corporate governance under Legislative Decree 231/2001 
2024.4.9

The importance of corporate governance under Legislative Decree 231/2001 

Article 27 of the Italian Constitution enshrines the principle that criminal liability is personal. This principle is one of the pillars of the country’s legal system, providing that no one can be punished for an offence he or she did not commit personally, since criminal liability is closely linked to the individual action and will

  • #Italy
Preliminary Licenses and Registration required by Foreign Investors in India
2024.4.9

Preliminary Licenses and Registration required by Foreign Investors in India

Introduction In order to conduct any business activities in India by a foreign investor, it is imperative to register an entity either by way of Private Company or a Limited Liability Partnership (“LLP”) so as to create a separate legal entity with perpetual existence with the advantage of minimal personal liability to promoter and initial

  • #India
Key points of capital reduction from the perspective of new company law
2024.4.8

Key points of capital reduction from the perspective of new company law

The new Company Law was amended and passed on December 29, 2023, and will come into effect on July 1, 2024. The new law shortens the deadline for subscribed capital contributions, allowing companies to adjust their registered capital according to their operational conditions. This article starts by focusing on the key provisions of the new

  • #China
Vietnam Labor Law: What to know when sending Local staff for Training abroad 
2024.4.8

Vietnam Labor Law: What to know when sending Local staff for Training abroad 

Today, many enterprises based in Vietnam have a growing demand to send their local staff overseas to join vocational trainings or education programs, aiming to cultivate a high-quality workforce to serve management tasks and specific professional duties of the organization.   However, once back to Vietnam after completing their training period, Employees sometimes decide to resign

  • #Vietnam
China’s New Rules to Ease Data Cross-border Transfer
2024.4.8

China’s New Rules to Ease Data Cross-border Transfer

On March 22, 2024, the Cyberspace Administration of China officially announced the Regulations on Facilitating and Regulating Cross-border Data Flow (“Regulations”) and took effect upon the date of announcement. According to the previous regulatory requirements for data outbound transfer, there are three main methods for data outbound transfer: security assessment, standard contract, and protection certification.

  • #China
Unlocking Opportunities in the Yangtze River Delta 
2024.4.8

Unlocking Opportunities in the Yangtze River Delta 

The Yangtze River Delta stands as a beacon of opportunity for foreign companies seeking advantageous tax policies, robust development projects, and strategic market access within China. This region, encompassing Shanghai and the provinces of Jiangsu, Zhejiang, and Anhui, has been a key driver of China’s economic growth, with ambitious plans to further solidify its position

  • #China
Navigating Labor Disputes Across China, India, Italy and Vietnam
2024.4.7

Navigating Labor Disputes Across China, India, Italy and Vietnam

In today’s globalized business landscape, companies come to manage labor disputes. The intricate interplay of local laws, cultural nuances, and procedural requirements significantly shapes the resolution process. This article embarks on a comparative journey through four distinct jurisdictions—China, India, Italy, and Vietnam—to illuminate the strategies and challenges involved in addressing labor disputes. Central to this

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  • #India
  • #Italy
  • #Vietnam
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