Guidelines for implementation of Resolution No. 42/2017/QH14 in respect of civil judgment enforcement in Vietnam

16:13, 25/08/2017

The General Department of Civil Judgment Enforcement of Vietnam issued Official Dispatch No. 3022/TCTHADS-NV1 on guidelines for Resolution No. 42/2017/QH14 on pilot settlement of bad debts of credit institutions.

Official Dispatch No. 3022/TCTHADS-NV1 provides guidelines for Resolution No. 42/2017/QH14 in respect of civil judgment enforcement, specifically as follows:

- Rules for determining bad debts (Article 4);

- Seizure of collateral (Article 7);

- Attachment of collateral of judgment debtor (Article 11);

- Debts’ priority over disposal of collateral (Article 12).

Besides, Official Dispatch No. 3022/TCTHADS-NV1 also guides civil enforcement agencies to apply regulations of Resolution No. 42/2017/QH14 to settle bad debts and dispose of collateral tied to bad debts of credit institutions from August 15, 2017 to August 15, 2022.

View details at Official Dispatch No. 3022/TCTHADS-NV1 issued on August 15, 2017 by the General Department of Civil Judgment Enforcement of Vietnam.

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