Vietnam: 05 cases of revocation of certificates of eligibility for the business of prize-winning electronic games

According to Article 25 of Decree No. 86/2013/NĐ-CP of Vietnam’s Government, an enterprise has its business eligibility certificate revoked in any of the following cases:

1. It fails to organize its business operation twelve (12) months after obtaining the business eligibility certificate;

2. It is dissolved or falls bankrupt in accordance with law;

3. It has its investment certificate or enterprise registration certificate revoked;

4. It fails to fully satisfy the business conditions as concluded by the examination agency as defined at Point a, Clause 3, Article 33 of this Decree;

5. It violates all regulations on organization and operation of the business of prize-winning electronic games as concluded by the examination agency as defined by law.

A business eligibility certificate is automatically invalidated and revoked in the cases it is dissolved or falls bankrupt or it has its investment certificate or enterprise registration certificate revoked.

The Ministry of Finance shall issue decisions on revocation of business eligibility certificates in the cases specified at Points 1, 4, 5. Such a decision must be notified to the enterprise ten (10) working days before the expected date of revocation.

Enterprises shall immediately terminate their business of prize-winning electronic games right after their business eligibility certificates are revoked.

Note: The Ministry of Finance shall publicize decisions on revocation of business eligibility certificates of enterprises in the mass media.

View details at Decree No. 86/2013/NĐ-CP of Vietnam’s Government, effective from October 01, 2013.

Ty Na

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