Chương XI Luật Phá sản 2014: Thủ tục phá sản có yếu tố nước ngoài

Chapter XI

BANKRUPTCY PROCESS INVOLVING FOREIGN ENTITIES

Article 116. Foreigners involved in bankruptcy process

Any foreigner involved in the bankruptcy process must comply with the regulations of the Law on Bankruptcy of Vietnam.

Article 117. Judicial delegation of Vietnam People’s Court to foreign competent authorities

1. The People’s Court shall implement the judicial delegation according to the judicial assistance treaty to which the Socialist Republic of Vietnam is a State Party or the principle of reciprocity during any bankruptcy settlement involving foreign entities.

2. The procedures for the judicial delegation must comply with the regulations of the law on civil procedure and the law on judicial assistance.

Article 118. Procedures for recognition and authorization to implement Decisions on bankruptcy settlement of foreign Courts

The recognition and authorization to implement the Decisions on bankruptcy settlement must comply with the regulations on the judicial assistance treaty to which the Socialist Republic of Vietnam is a State Party and other regulations of the law on judicial assistance.