Do enterprises have to purchase insurance against the professional responsibility for the asset management officer in Vietnam?
Do enterprises have to purchase insurance against the professional responsibility for the asset management officer in Vietnam? Where is list of asset management officers announced in Vietnam?
I have just been granted a practicing certificate as an asset management officer and am applying to work in an asset management and liquidation enterprise. Can I ask if the business has to buy insurance against the professional responsibility for me? Where can I see a list of asset management officers? Please advise.
Do enterprises have to purchase insurance against the professional responsibility for the asset management officer in Vietnam?
According to the provisions of Article 13 of Decree 22/2015/ND-CP on obligations of the asset management and liquidation enterprise during their practicing activities are as follows:
1. Manage the asset management officer who works for this enterprise.
2. Take legal responsibility for their professional activities performed by the asset management officer assigned by this enterprise as prescribed in Clause 2, 3 Article 16 hereof.
3. Hold the legal representative of the asset management and liquidation enterprise responsible for considering and signing documents sent by the asset management officer working for such enterprise.
4. Purchase the insurance against the professional responsibility for the asset management officer working for such enterprise in accordance with laws.
5. Report to the Department of Justice of a central-affiliated city or province where the practicing of asset management and liquidation profession is registered under the instruction of the Ministry of Justice.
6. Take on other obligations in accordance with laws.
Thus, asset management and liquidation enterprises must purchase insurance against the professional responsibility for asset management officers according to the above provisions in Vietnam.
Where is list of asset management officers announced in Vietnam?
Article 14 of Decree 22/2015/ND-CP stipulates compilation and announcement of the list of asset management officers, or asset management and liquidation enterprises as follows:
1. The Department of Justice shall compile and announce the list of local asset management officers, or asset management and liquidation enterprises by completing the form No. TP-QTV-06 enclosed herewith. The list of these asset management officers, or asset management and liquidation enterprises shall be publicized on the electronic information portal of the Department of Justice, and report to the Ministry of Justice.
2. The Ministry of Justice shall compile and announce the list of nationwide asset management officers, or asset management and liquidation enterprises by completing the form No. TP-QTV-07 enclosed herewith. The list of these asset management officers, or asset management and liquidation enterprises shall be publicized on the electronic information portal of the Ministry of Justice.
According to this Article, the announcement of the list of asset management officers is posted on the website of the Department of Justice and the portal of the Ministry of Justice in accordance with the above provisions in Vietnam.
Best Regards!
