Lenders rely on step-in rights to rescue a distressed project. Learn how direct agreements make step-in rights enforceable under Vietnamese law.
Insights & News
Legal & Investment Insights
Analysis and practical guidance from IVLF Advisors LLC on Vietnamese law, foreign direct investment, M&A, capital markets, tax, labor and dispute resolution — written for investors and business leaders operating in Vietnam.
Finance lease vs tax lease in Vietnam: licensing, VAT and CIT depreciation, IFRS 16 versus VAS, lessor insolvency and purchase options explained.
Reverse merger or direct listing? How Vietnamese companies weigh US shells, direct listings and IPOs, plus approvals, risks and post-listing duties.
Bond refinancing in Vietnam: how issuers use bondholder meetings, maturity extension, buybacks and exchange offers under Decree 65/2022 and Decree 08/2023.
Debt push-down for foreign acquirers of Vietnamese companies: bidco debt, merger, guarantees, tax, SBV loan registration and practical alternatives.
Post-COD refinancing lets Vietnamese infrastructure sponsors swap costly construction debt for cheaper bonds and institutional loans after COD.
Real estate sale and leaseback for FDI factories, warehouses and offices in Vietnam: land-use limits, foreign ownership, tax, valuation and lease protections.
Pre-IPO restructuring for Vietnamese companies: Cayman, BVI and Singapore holdco flips, share swap routes, approvals, taxes and SBV foreign-exchange rules.
How to draft an arbitration clause and choose governing law in cross-border loans to Vietnamese borrowers: SIAC, ICC, HKIAC, VIAC and award enforcement.
Choosing the governing law for a cross-border credit agreement is one of the highest-stakes decisions a lender or borrower makes before signing. For Vietnamese entities raising capital offshore, this clause interacts directly with Vietnam’s foreign exchange control regime, its rules on recognising foreign judgments, and its own Civil Code conflict-of-laws provisions. Get the underlying analysis…
Why Eurobond Trust Deed and Covenant Standards Decide Whether a Vietnamese Bond Prices at All For a Vietnamese corporate or bank contemplating its first international bond, the eurobond trust deed is not boilerplate — it is the document that determines who controls the company’s balance sheet the moment things go wrong. International investors will not…
When a Vietnamese or foreign-invested company hits a liquidity wall, the choice between a negotiated workout and a court filing shapes what creditors ultimately recover. Debt restructuring Vietnam practice changed materially in 2026: the Law on Rehabilitation and Bankruptcy No. 142/2025/QH15 (RBL 2025) took effect on 1 March 2026, replacing the 2014 Bankruptcy Law and…
