Additional requirements to be satisfied by legal representative, director of valuation enterprises in Vietnam

Duc Thao

10:55, 25/02/2021

Recently, the Government of Vietnam issued Decree 12/2021/ND-CP on amendments to a number of articles of Decree 89/2013/ND-CP on elaboration of some Articles of the Law on Prices regarding valuation.

According to Clause 2, Article 1 of Vietnam's Decree 12/2021/ND-CP, Article 8a has been added after Article 8 of Vietnam's Decree 89/2013/ND-CP on the requirements to be satisfied by the legal representative, director or general director of a valuation enterprise

He/She is a valuator who has registered to practice at the enterprise as prescribed in Point c Clause 1 or Point c Clause 2 or Point c Clause 3 or Point c Clause 4 or Point c Clause 5 Article 39 of Vietnam's Law on Prices.
He/She has acted as a valuator for at least 03 years (36 months) before becoming the legal representative, Director or General Director of the valuation enterprise.
He/She has not been the legal representative, Director or General Director of a valuation enterprise whose Certificate of eligibility to provide valuation services has been revoked for a period of 01 year (12 months) by the time of submitting the application for issuance or re-issuance of the certificate of eligibility to provide valuation services.

More details can be found in Vietnam's Decree 12/2021/ND-CP takes effect from May 1, 2021.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

82 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 [email protected]