Vietnam: Electricity activity licenses which are leased or lended shall be revoked

14:35, 23/03/2007

The Law on Electricity 2004 of Vietnam was promulgated on December 03, 2004. Organizations, individuals shall be granted electricity activity licenses when meeting the conditions prescribed by law. However, this Law also stipulates cases where electricity activity licenses shall be revoked.

Specifically, according to Article 37 of the Law on Electricity 2004 of Vietnam, organizations and individuals shall have their electricity activity licenses withdrawn in the following cases:

One, failing to deploy activities six months after being granted the electricity activity on licenses;

Two, failing to ensure electricity activity conditions as provided for by this Law;

Three, failing to comply with the contents prescribed in the electricity activity licenses;

Four, leasing, lending or modifying without permission their electricity activity licenses.

View more: The Law on Electricity 2004 of Vietnam takes effect from July 01, 2005.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

47 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn