Based on the Decision to Impound Assets for Commercial Legal Entities

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I am aware that if a legal entity does not comply with a criminal judgment, coercive enforcement measures may be applied. Therefore, I would like to ask, according to the new regulations adjusting this issue, on what basis must the property of the legal entity be attached? Thank you!

Pursuant to Article 17 of Decree No. 44/2020/ND-CP (Effective from June 1, 2020) regulating the issuance of decisions to seize assets for commercial legal entities based on:

- The legally effective judgment or decision of the Court.

- Minutes prepared when the commercial legal entity fails or partially fails to comply with the legally effective judgment or decision of the Court (as stipulated in Article 5 of this Decree);

- The commercial legal entity complies with the judgment but does not have an account or the amount in the account at the credit institution, state treasury, securities company, or Vietnam Securities Depository is insufficient to ensure the enforcement of judicial measures.

- Documents verifying information about the assets of the commercial legal entity.

We are responding to your information.

Respectfully!

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