The Law on Credit Institutions and The Role of Banking and Finance Lawyers
In the wake of Vietnam’s amended Law on Credit Institutions, banking and finance lawyers in Vietnam have become indispensable allies for clients navigating the complexities of compliance. The new legislation, which strictly prohibits banks from tying the sale of non-mandatory insurance products to the provision of banking products and services, marks a significant shift in the regulatory landscape. Banking and finance lawyers are pivotal in interpreting these changes, ensuring that clients not only understand the new rules but also implement strategies that align with them. Update on the The Amended Law on Credit Institutions The Amended Law on Credit Institutions, which was recently passed, strictly prohibits banks from tying the sale of non-mandatory insurance products to the provision of banking products and services in any form. Disclosure of Information on Shareholders Owning from 1% of Charter Capital or More On the morning of January 18, with 450 delegates voti...