Vietnam report (February 2021 update) – Corporate Restructuring and Insolvency in Asia

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The Vietnam report has been updated in Feburary 2021.

Reporter: Vu Thanh Van

Index

A. INTRODUCTION

i. Overview of the Vietnamese legal system

ii. Overview of the Vietnamese bankruptcy law

B. RESCUES: OUT-OF-COURT AND IN-COURT (GOVERNANCE AND SUPERVISION)

i. Out-of-court workouts

ii. Pre-insolvency proceedings

iii. Bankruptcy proceedings in general

iv. Support structures (courts and state agencies)

v. Insolvency office-holders

vi. Directors or managers of distressed entities

vii. Conversion of proceedings

viii. Rescue financing

ix. Effect of the stay and moratorium

x. Ordinary and special contracts

xi. Ranking, priority and resolution of creditor claims

xii. Creditor supervision of proceedings

xiii. Employment, stakeholding and pension issues

xiv. Avoidance and clawback rules

xv. Rescue plans and sales as a going concern

C. GROUP INSOLVENCIES

D. INTERNATIONAL AND CROSS-BORDER INSOLVENCY

APPENDIX OF LEGISLATION REFERRED TO