Application for transformation of limited liability law firms and law partnerships in Vietnam

Application for transformation of limited liability law firms and law partnerships in Vietnam (Internet image)

Decree 123/2013/ND-CP stipulates that a one-member limited liability law firm in Vietnam may be transformed into a limited liability law firm with two or more members. A limited liability law firm with two or more members may be transformed into a one-member limited liability law firm. A limited liability law firm may be transformed into a law partnership. A law partnership may be transformed into a limited liability law firm.

A transformation application is submitted to the Justice Service where the transforming law firm shall be located. An application is comprised of:

- A request for transformation shall clearly state purposes, reasons of the transformation and commitments on heritage of all obligations, legitimate rights and interests of transformed law firms.

- A draft Charter of the transforming law firm;

- Certificate of operation registrations of transformed law firm;

- List of members or owners who are lawyers; copies of lawyer cards of lawyers who are members or owners of the transforming law firm.

- Copies of documents proving the headquarters in case of change of the headquarters.

Within 07 working days, since the date of receiving a valid dossier, the Justice Service shall grant the Certificate of operation registration to the transforming law firm; in case of refusal, there must be a written notice stating reasons clearly.

More details can be found in Decree 123/2013/ND-CP which comes into force from November 28, 2013.

Ty Na

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