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What is corporate restructuring? What laws govern corporate restructuring?
Clause 31, Article 4 of the Law on Enterprises 2020 stipulates that “Reorganization” of an enterprise means the full division, partial division, consolidation, acquisition or conversion of an enterprise.”
Enterprise reorganizing is governed by the following regulations:
- Law on Enterprises 2020 (Chapter IX)
- Circular No. 119/2020/TT-BTC regulating the registration, depository, clearing and settlement of securities transactions, issued by the Minister of Finance (Chapter II)