According to Vietnam’s current regulations on cooperatives, when fully meeting the legal conditions, individuals, organizations, households etc. can become members and member cooperatives. However, the status of member and member cooperative of these entities shall be terminated in some certain cases and for certain reasons.
How to handle a civil dispute where one party is a cooperative providing that the litigant cannot determine the address or cannot find the legal representative of the cooperative?
A cooperative in Vietnam is a collective economic organization with co-owners and legal entity status, established voluntarily by at least 7 members who cooperate with and assist one another in production, business or job creation activities to meet their common needs on the basis of autonomy, self-responsibility, equality and democracy in management of the cooperative.
The Cooperative Law 2012 of Vietnam consists of 9 chapters, 64 Articles, which provides the establishment, organization and operation of cooperatives and unions of cooperatives in different sectors of the economy. According to this Law, to ensure effective operation, cooperatives and unions of cooperatives must have specific governing charters. So, what does this Charter include?
The Cooperative Law 2012 of Vietnam consists of 9 chapters, 64 Articles, which provides the establishment, organization and operation of cooperatives and unions of cooperatives in different sectors of the economy. One of the featured contents of this document is the regulation on the rights and obligations of cooperatives and unions of cooperatives.
The Cooperative Law 2012 of Vietnam was promulgated on November 20, 2012 and officially effective from July 01, 2013, which provides the establishment, organization and operation of cooperatives and unions of cooperatives in different sectors of the economy. One of the fundamental contents of this document is the regulations on principles of organization and operation of cooperatives and unions of cooperatives as well as prohibited acts in this sector.
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