Legal Update - The expansion of types of security interests in Vietnam
Our Legal Update on the expansion of types of security interests in Vietnam is now available.
On 19 March 2021, the Government issued Decree No. 21/2021/ND-CP on the implementation of the Civil Code relating to security for performance of obligations, which will come into effect on 15 May 2021 (the New Decree), replacing Decree No. 163/2006/ND-CP dated 29 December 2006 on secured transactions as amended by Decree No. 11/2012/ND-CP dated 22 February 2012 (the Old Decree). This Legal Update discusses a number of noteworthy points of the New Decree.