Steven Jacob is an of counsel at Indochine Counsel based in Ho Chi Minh City, Vietnam. He is a California certified attorney who has spent half a decade working in the Indochina region. During his attendance at Santa Clara University, where he received a J.D., Steven interned with VILAFHong Duc, another of Vietnam’s top law firms. After graduating he worked with Indochine Counsel as a Legal Consultant for a year where he acted in several cases ranging from international trade to corporate law and from M&A to intellectual property. In 2010 he moved to Cambodia where he worked with the firm Bun & Associates. There he assisted with hotel management agreements, banking documents, and some labor law. In 2011 he moved to become in-house legal counsel for Sanum Investments, Ltd. There he was responsible for legal actions and contract issues for Cambodia and Laos. Based in Laos he assisted in some banking issues, but largely focused on corporate and commercial work. Perhaps his largest job was assisting external counsel in a treaty arbitration between Sanum Investments, Ltd., and the Laos government over expropriated assets. Steven has authored several articles on the region. Most recently he published “Selecting a Dispute Resolution Venue in Laos” in the IPBA journal, and co-authored the “Vietnam Chapter: International Insolvency and Restructuring Guide” for a Law Firm Network publication, and “Corporate Governance and Directors’ Duties: Vietnam”, PLC Crossborder Corporate Governance and Directors’ Duties Handbook 2010 published by Practical Law Company. He also edits the firm’s monthly Client Alert and regularly contributes articles to that forum. In 2010, Steven was included in Asian Legal Business’s Hot 100 Lawyers.
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After the ratification of the Comprehensive and Progressive Agreement for Trans-pacific Partnership (CPTPP) on 24 August 2020, the Government of Vietnam promulgated Decree No. 95/2020/ND-CP providing guidelines on procurement bidding under CPTPP (“Decree 95”) with immediate effect. Governing (...)
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To implement Articles 110 and 111 of the new 2018 Competition Law (the “2018 Competition Law”), the Government has released Decree No. 75/2019/ND-CP, dated 26 September 2019, stipulating administrative sanctions in the sector of competition (“Decree 75”) which supersedes Decree No. (...)
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On 26 June 2019, the State Bank of Vietnam (the “SBV”) promulgated Circular No. 06/2019/TTNHNN guiding foreign exchange control of foreign direct investment activities in Vietnam (“Circular 06”), which replaces Circular No. 19/2014/TT-NHNN. Circular 06 provides new provisions in relation to (...)
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On 12 June 2018, the National Assembly promulgated Law on Competition No. 23/2018/QH14 (the “2018 Law on Competition”). The 2018 Law on Competition will take effect on 1 July 2019 and replace Law No. 27/2004/QH11. Various provisions incorporated in the newly issued 2018 Law on Competition have (...)
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Foreign Investors in Vietnam treat education as an attractive sector for investment. Seeing the need for a more effective regulatory legal framework in this field to attract more foreign investment, the Government promulgated Decree No. 86/2018/ND-CP, dated 6 June 2018 (“Decree 86”), which (...)
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On 22 May 2018, the Government promulgated Decree No. 81/2018/ND-CP guiding the Commercial Law with respect to commercial enhancement activities (“Decree 81”), which supersedes Decree No. 37/2006/ND-CP (“Decree 37”) In comparison with Decree 37, Decree 81 has remarkable changes which may (...)
