Investment Projects, Assets Belonging to Investment Projects in Ensuring the Fulfillment of Civil Obligations?

Based on Article 18 of Decree 21/2021/ND-CP (effective from May 15, 2021), the content is stipulated as follows:

The investor is permitted to use an investment project that is not prohibited from transfer under the Investment Law or other relevant laws to ensure the fulfillment of obligations.

The investor may use the entire investment project, their property rights related to the exploitation and management of the investment project, other property rights, or other assets belonging to the investment project to ensure the fulfillment of obligations.

In the case where the investment project used to ensure the fulfillment of obligations is a residential housing construction project, a non-residential work construction project, or other projects that, according to relevant legal regulations, must have a Certificate, Decision from a competent state authority, or other legal basis, then the description in the security contract must reflect this legal basis.

Respectfully!