Laws in Vietnam

The difference between amalgamation and acquisition is t hat acquisition end s the existence of the acquired company and remains the existence of the acquirer and corporate amalgamation terminate the existence of all the companies merged. To ensure the consistency of the steps to complete the procedures for the consolidated enterprise, the Enterprise Law 2014 also has specific provisions on this matter, we can divide them into three main steps: Step 1. P repare the consolidation contract The consolidating companies prepare the consolidation contract. The consolidation contract must contain the consolidating companies’ names, headquarter addresses; the consolidated company’s name and headquarter address; procedures and conditions for consolidation; employment plan; time limit and procedures for transferring assets, stakes, shares, bonds of the consolidating companies to the consolidated company; time limit for consolidation; draft charter of the consolidated company....