Vietnam: When subsidiaries go bankrupt – can creditors “seek compensation” from parent companies?
Business,Business Advice,Regional Law,Vietnam

Reading Time: 6 minutesIt is normal and recommended to allow a subsidiary which operates ineffectively and falls into insolvency to go bankrupt for the sake of a healthy business environment. However, except for subsidiaries which are only the front companies to conceal non-transparent or illegal business activities of parent companies, the bankruptcy of an enterprise causes losses to […]