Comparison Table of the 2020 Law on Enterprises and the Draft Amendments to the 2020 Law on Enterprises

ALTAS is pleased to present the "Comparison Table of the 2020 Law on Enterprises and the Draft Amendments to the 2020 Law on Enterprises" (according to the Outline and Report on the Draft Amendment Project for the 2020 Law on Enterprises), prepared by Partner Attorney Luong Van Chuong and Legal Intern Le Ha My Phuong.

The Draft Proposal Dossier for the Amendment of the 2020 Law on Enterprises is currently open for public comments and can be reviewed at the following link: https://vibonline.com.vn/du_thao/du-thao-de-nghi-xay-dung-luat-doanh-nghiep-sua-doi

Unlocking Mergers & Acquisitions (M&A) Activities: ALTAS LAW - Your Trusted Partner in Vietnam In today’s rapidly evolving global economy, Mergers and Acquisitions (M&A) have become the cornerstone of strategic growth, market expansion, and competitive advantage. At ALTAS LAW, our dedicated M&A legal team possesses extensive experience and in-depth expertise, ready to guide clients through every phase of M&A transactions. We are committed to providing comprehensive legal support and strategic guidance tailored to specific client needs and objectives to help overcome the challenges of M&A transactions in Vietnam.

Our Services

We offer a comprehensive range of services designed to focus specifically on each phase of the transaction:

1. Pre-Transaction Phase • Preliminary legal advice on potential target businesses based on criteria and market analysis. • Drafting Non-Disclosure Agreements (NDA) and/or Preliminary Term Sheets.

2. Due Diligence Phase • Legal Due Diligence: Thorough review of legal documents, contracts, licenses, certifications, and compliance with current laws to evaluate the feasibility of the target company and identify potential risks and opportunities. • Drafting the Legal Due Diligence Report covering the scope defined by the client and/or their legal advisors.

3. Transaction Structuring and Negotiation • Transaction Structuring: Advising on the most legally effective structure for the transaction (e.g., asset purchase, share purchase, merger). • Drafting & Negotiating Transaction Documents: We draft, review, and negotiate all related agreements, such as share purchase agreements (SPA), asset purchase agreements (APA), shareholders' agreements (SHA), merger agreements, and ancillary documents, ensuring our clients' rights and interests are protected.

4. Post-Transaction Issues • Approvals and Licensing: We assist and advise in obtaining necessary approvals and licenses as regulated. • Competition Law Compliance: Advising on compliance with competition law, including submission of economic concentration notifications as required. • Investment Registration Certificates: We support and advise in obtaining necessary investment registration certificates. • Securities Law Compliance: Advising on compliance with securities regulations, where applicable. • Transaction Completion: Managing the transaction closing process, ensuring all legal and administrative requirements are met. • Post-closing Matters: Advising on post-transaction obligations, supporting necessary registration procedures, coordinating with all parties, completing documentation, etc.

5. Post-M&A Support • Restructuring: Legal advice on organizational structure, governance, and compliance following M&A. • Consolidation/Dissolution of Entities: Supporting restructuring or dissolution of entities as needed. • Transfer of Contracts and Licenses: We support and advise on transferring contracts, licenses, and certifications. • Employment & Labor: We support and advise on employee transfers and labor law compliance. • Dispute Resolution: Providing support and advice on dispute resolution according to legal regulations.

Why Choose ALTAS LAW?

We understand that M&A transactions are not merely legal processes but strategic decisions that shape the future of a business. Contact us today to discuss your M&A goals and discover how we can help unlock value and drive growth in Vietnam.

ALTAS LAW is committed to supporting investors and businesses during these transformative times. Please contact Partner Attorney Chris Luong at chris.luong@altas.vn if further information is required.

Download PDF: Comparison of the Amended 2020 Law on Enterprises_ALTAS.pdf

© 2025 ALTAS LAW. All rights reserved. Ownership: This document and its contents (the "Document") constitute exclusive proprietary resources owned solely by ALTAS LAW (ALTAS LAW, ALTAS CORP, and affiliated companies). Using this Document does not create any contractual or attorney/client relationship between ALTAS LAW and any party. Disclaimer: All content is for informational purposes only and may not reflect the latest legal regulations. All summaries of laws, regulations, and practices are subject to change. This Document does not constitute legal or professional advice for any specific matter and does not replace consultation with relevant laws, rules, regulations, or applicable forms. Clients are advised to seek legal counsel before deciding on any action based on the information provided in the Document. ALTAS LAW, editors, and authors do not guarantee the accuracy of the Document and disclaim any liability concerning actions taken based on this Document's entirety or parts. The Document may contain external website links, and external websites may link to the Document. ALTAS LAW assumes no responsibility for content or operations of external websites. Note: Past outcomes do not guarantee future results; each matter is unique.

Written: Partner Attorney Luong Van Chuong and Legal Intern Le Ha My Phuong

Date: 25/03/2025