Penalties for violations and compensation for damage are two regular sanctions applied when one of the parties to the contractual relationship breaches the agreed obligations. Sanctions against contract breaches have the main purpose of punishing, affecting the consciousness of subjects in order to educate the sense of respect for the law, to prevent contract breaches. Meanwhile, compensation for damage is a form of application aimed at restoring and compensating for the lost material benefits of the party violating the sale and purchase contract. So what should enterprises pay attention to when negotiating, signing and implementing contracts to avoid penalties and compensation for contract breaches?
On May 12, 2020, the Government issued Resolution No. 68 on a program to reduce and simplify regulations related to business activities in the period of 2020 – 2025, which set the target to reduce, simplify at least 20% of the regulations, and 20% of compliance costs for enterprises. Hence, So, what should Viet Nam do to improve the business environment, cut down administrative procedures, and reduce the burden on enterprises?
Shares of Mr. Nguyen Hung Quang, Managing Partner of NHQuang&Associates, about rights and ways to ensure the benefits of low-income or common workers after the COVID-19 epidemic in the program of Morning Coffee with VTV3 dated June 2, 2020.
After the 44th Meeting, the Draft of Public-Private Investment Law (Draft PPP Law) was revised with many new points. However, these new points of the Draft Law still face many mixed opinions. Article 27 and Article 28 of the Draft Law refer to investors proposing PPP projects. Commenting on this regulation, Mr. Nguyen Tien Lap said that it should not be done.
Decree No. 10/2020/ND-CP in replacement of Decree 86/2014 stipulating business and automotive transportation business conditions came into effect from 01/04/2020. This decree will create an equal playground for both traditional taxi and app-managed ride-hailing taxi. Under the same legal environment, what changes should be taken by ride-hailing taxis?