Important note: 11 main contents in the Charters of law firms in Vietnam

Important note: 11 main contents in the Charters of law firms in Vietnam (Internet image)

Specifically, Article 7 of Decree 123/2013/ND-CP stipulates that the charter of a law firm in Vietnam shall comprise the following main contents:

1. Name and address of the headquarters;

2. Form of the law firm;

3. Scope of professional practice;

4. Surname, name and permanent address of the owner being a lawyer (for one-member limited liability law firms) or members being lawyers (for limited liability law firms with two or more members or law partnerships);

5. Obligations and rights of the owner or the members;

6. Conditions and procedures of participation or withdrawal of a name from the list of members (for limited liability law firms with two or more members, law partnerships);

7. Structure of organization, management and administration;

8. Formalities and procedures for approvals of decisions, resolutions; principals for settlement of internal disputes;

9. Principals of profit-sharing and obligations of lawyers toward the law firm's obligations (for limited liability law firms with two or more members or law partnerships);

10. Cases of suspension, termination of operation and procedures for liquidation of assets;

11. Formalities for amendment, supplement of the Charter of the law firm.

Note: The Charter of the law firm in Vietnam must be duly signed by the owner being a lawyer or all members being lawyers.

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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