Company Law UNIT 7

Vietnam company law now favours foreign (invest) ________ and the establishment of foreign companies.

• investee

• investable

• investor

• investment

Corporate law in Vietnam was originally based on the French (commerce) ________ law system. However, since Vietnam's independence in 1945, it has largely been influenced by the ruling Communist Party.

• commercial

• commercially

• commerciary

• commercia

The investment amount depends on the business plan and is subject to the (approve) ________ of the provincial Department of Planning and Investment evaluating application dossier.

• approver

• approval

• approved

• approving

Foreign investors who choose to start a business in Vietnam must first obtain an investment certificate or IRC, (call) ________ an “investment registration certificate.”

• called

• calling

• caller

• to call

Shareholders' liability is limited to their capital (contribute) ________; however, shareholders can be personally liable where the company is substantially undercapitalized on formation.

• contribution

• contributor

• contributing

• contributed

A private enterprise is a firm owned by an individual, who is its legal (represent) ________.

• representation

• represented

• representing

• representative

If an unlimited-liability partner fails to contribute capital accordingly, other partners may be ________ (hold) liable to compensate the partnership for the damage.

• holding

• holder

• holded

• held

Foreign (invest) ________ and expatriates working for foreign-invested businesses or business co-operation contract can remit investment capital, profits and other assets, and their income abroad respectively.

• investors

• investment

• invested

• investing

Internal governance structures are important in (supervise) ________ the company managers.

• supervisory

• supervision

• supervising

• supervised

Owners who serve as managers will be more (like) ________ to pursue their own interests, possibly at the expense of the interests of minority shareholders.

• liked

• likelihood

• likable

• likely