Termination of Investment Project Operations in Cases where Investors Conduct Investment Activities Based on Simulated Civil Transactions
Based on Article 59 of Decree No. 31/2021/ND-CP which stipulates the termination of investment projects in cases where the investor engages in investment activities based on forged civil transactions according to civil law regulations as follows:
The investment registration authority decides to terminate all or part of the investment project's activities in cases where the investor engages in investment activities based on forged civil transactions, determined according to the civil law regulations, based on the effective verdicts, court decisions, or arbitration awards.
The investment registration authority, agencies, organizations, and relevant individuals have the right to request the competent court to declare civil transactions void due to forgery during the investor's execution of the investment project as the basis for terminating all or part of the investment project's activities.
The order and procedures for terminating the investment project's activities are implemented according to the provisions of Article 57 of this Decree.
Sincerely!
