Trong th\u1ef1c ti\u1ec5n c\u00e1c th\u01b0\u01a1ng v\u1ee5 mua b\u00e1n v\u00e0 s\u00e1p nh\u1eadp (Mergers & Acquisitions \u2013 M&A) t\u1ea1i Vi\u1ec7t Nam, tranh ch\u1ea5p gi\u1eefa c\u00e1c c\u1ed5 \u0111\u00f4ng hi\u1ebfm khi ph\u00e1t sinh t\u1ea1i th\u1eddi \u0111i\u1ec3m k\u00fd k\u1ebft giao d\u1ecbch. Ng\u01b0\u1ee3c l\u1ea1i, ph\u1ea7n l\u1edbn tranh ch\u1ea5p ch\u1ec9 b\u00f9ng n\u1ed5 sau khi giao d\u1ecbch \u0111\u00e3 ho\u00e0n t\u1ea5t, quy\u1ec1n \u0111i\u1ec1u h\u00e0nh b\u1eaft \u0111\u1ea7u d\u1ecbch chuy\u1ec3n v\u00e0 doanh nghi\u1ec7p b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n v\u1eadn h\u00e0nh th\u1ef1c t\u1ebf, th\u01b0\u1eddng r\u01a1i v\u00e0o kho\u1ea3ng 12\u201324 th\u00e1ng sau closing.<\/p>\n\n\n\n
T\u1ea1i th\u1eddi \u0111i\u1ec3m n\u00e0y, khi k\u1ef3 v\u1ecdng l\u1ee3i nhu\u1eadn kh\u00f4ng \u0111\u1ea1t \u0111\u01b0\u1ee3c, c\u01a1 ch\u1ebf ki\u1ec3m so\u00e1t n\u1ed9i b\u1ed9 kh\u00f4ng v\u1eadn h\u00e0nh nh\u01b0 d\u1ef1 li\u1ec7u v\u00e0 m\u1ed1i quan h\u1ec7 gi\u1eefa c\u00e1c nh\u00f3m c\u1ed5 \u0111\u00f4ng x\u1ea5u \u0111i, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i m\u1edbi \u0111\u1ed1i di\u1ec7n v\u1edbi m\u1ed9t th\u1ef1c t\u1ebf kh\u1eafc nghi\u1ec7t: c\u00e1c c\u01a1 ch\u1ebf b\u1ea3o v\u1ec7 \u0111\u01b0\u1ee3c thi\u1ebft k\u1ebf theo th\u00f4ng l\u1ec7 qu\u1ed1c t\u1ebf kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng ph\u00e1t huy hi\u1ec7u qu\u1ea3 trong m\u00f4i tr\u01b0\u1eddng x\u00e9t x\u1eed v\u00e0 thi h\u00e0nh \u00e1n t\u1ea1i Vi\u1ec7t Nam.<\/p>\n\n\n\n
B\u00e0i vi\u1ebft n\u00e0y ph\u00e2n t\u00edch c\u00e1c d\u1ea1ng tranh ch\u1ea5p c\u1ed5 \u0111\u00f4ng \u0111i\u1ec3n h\u00ecnh h\u1eadu M&A, d\u1ef1a tr\u00ean kinh nghi\u1ec7m tranh t\u1ee5ng t\u1ea1i T\u00f2a \u00e1n v\u00e0 Tr\u1ecdng t\u00e0i, qua \u0111\u00f3 ch\u1ec9 ra nh\u1eefng nguy\u00ean nh\u00e2n ph\u00e1p l\u00fd mang t\u00ednh h\u1ec7 th\u1ed1ng v\u00e0 \u0111\u1ec1 xu\u1ea5t c\u00e1c chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba c\u00f3 kh\u1ea3 n\u0103ng \u0111\u1ee9ng v\u1eefng khi tranh ch\u1ea5p th\u1ef1c s\u1ef1 x\u1ea3y ra.<\/p>\n\n\n\n
I. Khi n\u00e0o tranh ch\u1ea5p c\u1ed5 \u0111\u00f4ng th\u1ef1c s\u1ef1 ph\u00e1t sinh sau M&A?<\/strong><\/p>\n\n\n\n Kinh nghi\u1ec7m th\u1ef1c ti\u1ec5n cho th\u1ea5y, tranh ch\u1ea5p c\u1ed5 \u0111\u00f4ng sau M&A t\u1ea1i Vi\u1ec7t Nam th\u01b0\u1eddng kh\u00f4ng ph\u00e1t sinh khi c\u00e1c b\u00ean c\u00f2n b\u1ecb chi ph\u1ed1i b\u1edfi \u0111\u1ed9ng l\u1ef1c ho\u00e0n t\u1ea5t giao d\u1ecbch. Trong giai \u0111o\u1ea1n n\u00e0y, c\u00e1c b\u00ean s\u1eb5n s\u00e0ng ch\u1ea5p nh\u1eadn nh\u1eefng th\u1ecfa thu\u1eadn \u201cm\u1edf\u201d, tin t\u01b0\u1edfng v\u00e0o thi\u1ec7n ch\u00ed h\u1ee3p t\u00e1c v\u00e0 k\u1ef3 v\u1ecdng r\u1eb1ng quy\u1ec1n l\u1ee3i s\u1ebd \u0111\u01b0\u1ee3c b\u1ea3o \u0111\u1ea3m th\u00f4ng qua c\u00e1c cam k\u1ebft h\u1ee3p \u0111\u1ed3ng.<\/p>\n\n\n\n Tuy nhi\u00ean, khi vi\u1ec7c thanh to\u00e1n \u0111\u00e3 ho\u00e0n t\u1ea5t, b\u1ed9 m\u00e1y qu\u1ea3n tr\u1ecb b\u1eaft \u0111\u1ea7u thay \u0111\u1ed5i v\u00e0 k\u1ebft qu\u1ea3 kinh doanh kh\u00f4ng \u0111\u1ea1t nh\u01b0 k\u1ebf ho\u1ea1ch, c\u00e1c \u201ckhi\u1ebfm khuy\u1ebft ph\u00e1p l\u00fd\u201d v\u1ed1n b\u1ecb che m\u1edd tr\u01b0\u1edbc \u0111\u00f3 m\u1edbi d\u1ea7n l\u1ed9 di\u1ec7n. Khi tranh ch\u1ea5p \u0111\u01b0\u1ee3c \u0111\u01b0a ra c\u01a1 quan t\u00e0i ph\u00e1n, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i nh\u1eadn ra r\u1eb1ng h\u1ee3p \u0111\u1ed3ng \u0111\u01b0\u1ee3c so\u1ea1n th\u1ea3o theo m\u1eabu qu\u1ed1c t\u1ebf, n\u1ebfu kh\u00f4ng \u0111\u01b0\u1ee3c n\u1ed9i \u0111\u1ecba h\u00f3a ph\u00f9 h\u1ee3p, c\u00f3 th\u1ec3 kh\u00f4ng \u0111\u1ee7 s\u1ee9c b\u1ea3o v\u1ec7 quy\u1ec1n l\u1ee3i trong b\u1ed1i c\u1ea3nh ph\u00e1p l\u00fd Vi\u1ec7t Nam.<\/p>\n\n\n\n II. Khung ph\u00e1p l\u00fd \u0111i\u1ec1u ch\u1ec9nh quan h\u1ec7 c\u1ed5 \u0111\u00f4ng sau giao d\u1ecbch<\/strong><\/p>\n\n\n\n Quan h\u1ec7 gi\u1eefa c\u00e1c c\u1ed5 \u0111\u00f4ng sau M&A t\u1ea1i Vi\u1ec7t Nam ch\u1ecbu s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ed3ng th\u1eddi c\u1ee7a nhi\u1ec1u t\u1ea7ng ph\u00e1p l\u00fd, trong \u0111\u00f3 n\u1ed5i b\u1eadt l\u00e0 Lu\u1eadt Doanh nghi\u1ec7p 2020 v\u1edbi c\u00e1c quy \u0111\u1ecbnh mang t\u00ednh b\u1eaft bu\u1ed9c v\u1ec1 tr\u00ecnh t\u1ef1 th\u00f4ng qua ngh\u1ecb quy\u1ebft v\u00e0 quy\u1ec1n c\u1ee7a c\u1ed5 \u0111\u00f4ng; B\u1ed9 lu\u1eadt D\u00e2n s\u1ef1 2015 \u0111i\u1ec1u ch\u1ec9nh hi\u1ec7u l\u1ef1c c\u1ee7a c\u00e1c th\u1ecfa thu\u1eadn d\u00e2n s\u1ef1 gi\u1eefa c\u00e1c b\u00ean; v\u00e0 \u0111\u1eb7c bi\u1ec7t l\u00e0 \u0110i\u1ec1u l\u1ec7 c\u00f4ng ty \u2013 v\u0103n b\u1ea3n c\u00f3 gi\u00e1 tr\u1ecb ph\u00e1p l\u00fd cao nh\u1ea5t trong qu\u1ea3n tr\u1ecb n\u1ed9i b\u1ed9 doanh nghi\u1ec7p.<\/p>\n\n\n\n Th\u1ef1c ti\u1ec5n x\u00e9t x\u1eed cho th\u1ea5y, T\u00f2a \u00e1n v\u00e0 Tr\u1ecdng t\u00e0i t\u1ea1i Vi\u1ec7t Nam th\u01b0\u1eddng \u01b0u ti\u00ean \u00e1p d\u1ee5ng Lu\u1eadt Doanh nghi\u1ec7p v\u00e0 \u0110i\u1ec1u l\u1ec7 c\u00f4ng ty khi \u0111\u00e1nh gi\u00e1 hi\u1ec7u l\u1ef1c c\u1ee7a c\u00e1c quy\u1ebft \u0111\u1ecbnh qu\u1ea3n tr\u1ecb, trong khi Th\u1ecfa thu\u1eadn c\u1ed5 \u0111\u00f4ng (Shareholders\u2019 Agreement) th\u01b0\u1eddng ch\u1ec9 \u0111\u01b0\u1ee3c nh\u00ecn nh\u1eadn nh\u01b0 m\u1ed9t h\u1ee3p \u0111\u1ed3ng d\u00e2n s\u1ef1 ri\u00eang bi\u1ec7t gi\u1eefa c\u00e1c b\u00ean k\u00fd k\u1ebft.<\/p>\n\n\n\n III. C\u00e1c d\u1ea1ng tranh ch\u1ea5p c\u1ed5 \u0111\u00f4ng \u0111i\u1ec3n h\u00ecnh h\u1eadu M&A v\u00e0 nguy\u00ean nh\u00e2n ph\u00e1p l\u00fd c\u1ed1t l\u00f5i<\/strong><\/p>\n\n\n\n 1. Xung \u0111\u1ed9t gi\u1eefa Th\u1ecfa thu\u1eadn c\u1ed5 \u0111\u00f4ng v\u00e0 \u0110i\u1ec1u l\u1ec7 c\u00f4ng ty<\/strong><\/p>\n\n\n\n M\u1ed9t trong nh\u1eefng tranh ch\u1ea5p ph\u1ed5 bi\u1ebfn nh\u1ea5t ph\u00e1t sinh t\u1eeb vi\u1ec7c c\u00e1c quy\u1ec1n qu\u1ea3n tr\u1ecb \u0111\u1eb7c th\u00f9 \u0111\u01b0\u1ee3c quy \u0111\u1ecbnh chi ti\u1ebft trong Th\u1ecfa thu\u1eadn c\u1ed5 \u0111\u00f4ng nh\u01b0ng kh\u00f4ng \u0111\u01b0\u1ee3c ph\u1ea3n chi\u1ebfu t\u01b0\u01a1ng \u1ee9ng trong \u0110i\u1ec1u l\u1ec7 c\u00f4ng ty. \u0110i\u1ec3n h\u00ecnh l\u00e0 c\u00e1c quy\u1ec1n ph\u1ee7 quy\u1ebft, quy\u1ec1n ph\u00ea duy\u1ec7t \u0111\u1ed1i v\u1edbi giao d\u1ecbch tr\u1ecdng y\u1ebfu ho\u1eb7c thay \u0111\u1ed5i c\u1ea5u tr\u00fac v\u1ed1n.<\/p>\n\n\n\n Trong th\u1ef1c ti\u1ec5n x\u00e9t x\u1eed, khi \u0110i\u1ec1u l\u1ec7 c\u00f4ng ty quy \u0111\u1ecbnh t\u1ef7 l\u1ec7 th\u00f4ng qua ngh\u1ecb quy\u1ebft th\u1ea5p h\u01a1n so v\u1edbi Th\u1ecfa thu\u1eadn c\u1ed5 \u0111\u00f4ng, T\u00f2a \u00e1n th\u01b0\u1eddng c\u00f4ng nh\u1eadn hi\u1ec7u l\u1ef1c c\u1ee7a ngh\u1ecb quy\u1ebft n\u1ebfu \u0111\u01b0\u1ee3c th\u00f4ng qua \u0111\u00fang tr\u00ecnh t\u1ef1 v\u00e0 t\u1ef7 l\u1ec7 theo \u0110i\u1ec1u l\u1ec7. Vi\u1ec7c vi ph\u1ea1m Th\u1ecfa thu\u1eadn c\u1ed5 \u0111\u00f4ng, n\u1ebfu c\u00f3, ch\u1ec9 l\u00e0m ph\u00e1t sinh tr\u00e1ch nhi\u1ec7m d\u00e2n s\u1ef1 gi\u1eefa c\u00e1c b\u00ean k\u00fd k\u1ebft, ch\u1ee9 kh\u00f4ng l\u00e0m v\u00f4 hi\u1ec7u h\u00f3a ngh\u1ecb quy\u1ebft c\u1ee7a doanh nghi\u1ec7p.<\/p>\n\n\n\n \u0110i\u1ec1u n\u00e0y ph\u1ea3n \u00e1nh m\u1ed9t nguy\u00ean t\u1eafc xuy\u00ean su\u1ed1t trong th\u1ef1c ti\u1ec5n t\u00e0i ph\u00e1n t\u1ea1i Vi\u1ec7t Nam: \u0110i\u1ec1u l\u1ec7 c\u00f4ng ty \u0111\u01b0\u1ee3c coi l\u00e0 \u201clu\u1eadt n\u1ed9i b\u1ed9\u201d t\u1ed1i th\u01b0\u1ee3ng trong qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p.<\/p>\n\n\n\n 2. B\u1ebf t\u1eafc qu\u1ea3n tr\u1ecb v\u00e0 gi\u1edbi h\u1ea1n c\u1ee7a c\u01a1 ch\u1ebf thi h\u00e0nh \u00e1n d\u00e2n s\u1ef1<\/strong><\/p>\n\n\n\n Trong nhi\u1ec1u th\u01b0\u01a1ng v\u1ee5 M&A, c\u00e1c b\u00ean d\u1ef1 li\u1ec7u r\u1ee7i ro b\u1ebf t\u1eafc qu\u1ea3n tr\u1ecb th\u00f4ng qua c\u00e1c c\u01a1 ch\u1ebf nh\u01b0 quy\u1ec1n ch\u1ecdn b\u00e1n (put option), quy\u1ec1n bu\u1ed9c mua l\u1ea1i c\u1ed5 ph\u1ea7n ho\u1eb7c c\u01a1 ch\u1ebf gi\u1ea3i quy\u1ebft b\u1ebf t\u1eafc theo th\u00f4ng l\u1ec7 qu\u1ed1c t\u1ebf. Tuy nhi\u00ean, khi tranh ch\u1ea5p x\u1ea3y ra, vi\u1ec7c th\u1ef1c thi c\u00e1c c\u01a1 ch\u1ebf n\u00e0y t\u1ea1i Vi\u1ec7t Nam l\u1ea1i g\u1eb7p kh\u00f4ng \u00edt tr\u1edf ng\u1ea1i.<\/p>\n\n\n\n Ngay c\u1ea3 trong tr\u01b0\u1eddng h\u1ee3p nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1eafng ki\u1ec7n t\u1ea1i Tr\u1ecdng t\u00e0i v\u00e0 c\u00f3 ph\u00e1n quy\u1ebft bu\u1ed9c \u0111\u1ed1i t\u00e1c ph\u1ea3i mua l\u1ea1i c\u1ed5 ph\u1ea7n, vi\u1ec7c thi h\u00e0nh \u00e1n tr\u00ean th\u1ef1c t\u1ebf v\u1eabn ph\u1ee5 thu\u1ed9c v\u00e0o s\u1ef1 h\u1ee3p t\u00e1c c\u1ee7a b\u00ean thua ki\u1ec7n. C\u01a1 quan thi h\u00e0nh \u00e1n d\u00e2n s\u1ef1 hi\u1ec7n ch\u01b0a c\u00f3 c\u01a1 ch\u1ebf hi\u1ec7u qu\u1ea3 \u0111\u1ec3 c\u01b0\u1ee1ng ch\u1ebf c\u00e1c ngh\u0129a v\u1ee5 mang t\u00ednh h\u00e0nh vi nh\u01b0 k\u00fd h\u1ed3 s\u01a1 chuy\u1ec3n nh\u01b0\u1ee3ng, trong khi c\u01a1 quan \u0111\u0103ng k\u00fd kinh doanh th\u01b0\u1eddng t\u1eeb ch\u1ed1i c\u1eadp nh\u1eadt thay \u0111\u1ed5i c\u1ed5 \u0111\u00f4ng n\u1ebfu thi\u1ebfu ch\u1eef k\u00fd h\u1ee3p l\u1ec7 c\u1ee7a b\u00ean chuy\u1ec3n nh\u01b0\u1ee3ng.<\/p>\n\n\n\n H\u1ec7 qu\u1ea3 l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u201cth\u1eafng tr\u00ean gi\u1ea5y\u201d, nh\u01b0ng v\u1eabn b\u1ecb m\u1eafc k\u1eb9t trong c\u1ea5u tr\u00fac c\u1ed5 \u0111\u00f4ng kh\u00f4ng th\u1ec3 tho\u00e1t ra.<\/p>\n\n\n\n 3. Tranh ch\u1ea5p li\u00ean quan \u0111\u1ebfn cam k\u1ebft l\u1ee3i nhu\u1eadn v\u00e0 ki\u1ec3m so\u00e1t th\u00f4ng tin<\/strong><\/p>\n\n\n\n Trong c\u00e1c giao d\u1ecbch c\u00f3 y\u1ebfu t\u1ed1 thanh to\u00e1n d\u1ef1a tr\u00ean k\u1ebft qu\u1ea3 kinh doanh (earn-out), tranh ch\u1ea5p th\u01b0\u1eddng ph\u00e1t sinh t\u1eeb quy\u1ec1n ki\u1ec3m so\u00e1t th\u00f4ng tin t\u00e0i ch\u00ednh v\u00e0 quy\u1ebft \u0111\u1ecbnh qu\u1ea3n tr\u1ecb. B\u00ean mua, v\u1edbi t\u01b0 c\u00e1ch b\u00ean \u0111i\u1ec1u h\u00e0nh, c\u00f3 to\u00e0n quy\u1ec1n quy\u1ebft \u0111\u1ecbnh ch\u00ednh s\u00e1ch k\u1ebf to\u00e1n, ph\u00e2n b\u1ed5 chi ph\u00ed v\u00e0 tr\u00edch l\u1eadp d\u1ef1 ph\u00f2ng.<\/p>\n\n\n\n T\u1eeb g\u00f3c \u0111\u1ed9 x\u00e9t x\u1eed, c\u01a1 quan t\u00e0i ph\u00e1n t\u1ea1i Vi\u1ec7t Nam th\u01b0\u1eddng r\u1ea5t th\u1eadn tr\u1ecdng khi can thi\u1ec7p v\u00e0o quy\u1ec1n t\u1ef1 ch\u1ee7 trong qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p. Do \u0111\u00f3, n\u1ebfu kh\u00f4ng c\u00f3 b\u1eb1ng ch\u1ee9ng r\u00f5 r\u00e0ng v\u1ec1 h\u00e0nh vi gian l\u1eadn ho\u1eb7c vi ph\u1ea1m ngh\u0129a v\u1ee5 minh b\u1ea1ch \u0111\u00e3 \u0111\u01b0\u1ee3c th\u1ecfa thu\u1eadn c\u1ee5 th\u1ec3, b\u00ean b\u1ecb thi\u1ec7t h\u1ea1i s\u1ebd ph\u1ea3i g\u00e1nh m\u1ed9t ngh\u0129a v\u1ee5 ch\u1ee9ng minh r\u1ea5t n\u1eb7ng n\u1ec1.<\/p>\n\n\n\n IV. Chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng ng\u1eeba tranh ch\u1ea5p t\u1eeb g\u00f3c nh\u00ecn lu\u1eadt s\u01b0 tranh t\u1ee5ng<\/strong><\/p>\n\n\n\n T\u1eeb th\u1ef1c ti\u1ec5n gi\u1ea3i quy\u1ebft tranh ch\u1ea5p, DTLaw cho r\u1eb1ng ph\u00f2ng ng\u1eeba tranh ch\u1ea5p c\u1ed5 \u0111\u00f4ng sau M&A t\u1ea1i Vi\u1ec7t Nam c\u1ea7n d\u1ef1a tr\u00ean ba tr\u1ee5 c\u1ed9t chi\u1ebfn l\u01b0\u1ee3c.<\/p>\n\n\n\n Th\u1ee9 nh\u1ea5t, m\u1ecdi quy\u1ec1n qu\u1ea3n tr\u1ecb \u0111\u1eb7c th\u00f9 \u0111\u01b0\u1ee3c th\u1ecfa thu\u1eadn trong Shareholders\u2019 Agreement ph\u1ea3i \u0111\u01b0\u1ee3c \u0111\u1ed3ng b\u1ed9 h\u00f3a tuy\u1ec7t \u0111\u1ed1i v\u00e0o \u0110i\u1ec1u l\u1ec7 c\u00f4ng ty. Trong tranh ch\u1ea5p qu\u1ea3n tr\u1ecb n\u1ed9i b\u1ed9, \u0110i\u1ec1u l\u1ec7 lu\u00f4n l\u00e0 \u0111i\u1ec3m t\u1ef1a ph\u00e1p l\u00fd quan tr\u1ecdng nh\u1ea5t.<\/p>\n\n\n\n Th\u1ee9 hai, c\u00e1c c\u01a1 ch\u1ebf b\u1ea3o v\u1ec7 n\u00ean \u01b0u ti\u00ean ngh\u0129a v\u1ee5 t\u00e0i ch\u00ednh h\u01a1n l\u00e0 ngh\u0129a v\u1ee5 h\u00e0nh vi. Thay v\u00ec tr\u00f4ng \u0111\u1ee3i v\u00e0o vi\u1ec7c \u201cbu\u1ed9c k\u00fd h\u1ed3 s\u01a1\u201d ho\u1eb7c \u201cbu\u1ed9c chuy\u1ec3n nh\u01b0\u1ee3ng\u201d, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 nh\u01b0 gi\u1eef l\u1ea1i gi\u00e1 mua, ph\u1ea1t vi ph\u1ea1m, b\u00f9 tr\u1eeb ngh\u0129a v\u1ee5 ho\u1eb7c c\u01a1 ch\u1ebf thanh to\u00e1n c\u00f3 \u0111i\u1ec1u ki\u1ec7n.<\/p>\n\n\n\n Th\u1ee9 ba, trong c\u00e1c th\u1ecfa thu\u1eadn cam k\u1ebft l\u1ee3i nhu\u1eadn, c\u1ea7n thi\u1ebft l\u1eadp c\u01a1 ch\u1ebf ki\u1ec3m so\u00e1t th\u00f4ng tin ch\u1ee7 \u0111\u1ed9ng v\u00e0 li\u00ean t\u1ee5c, bao g\u1ed3m quy\u1ec1n ti\u1ebfp c\u1eadn d\u1eef li\u1ec7u k\u1ebf to\u00e1n \u0111\u1ecbnh k\u1ef3, quy\u1ec1n ch\u1ec9 \u0111\u1ecbnh ki\u1ec3m to\u00e1n \u0111\u1ed9c l\u1eadp v\u00e0 c\u00e1c ti\u00eau chu\u1ea9n k\u1ebf to\u00e1n \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh r\u00f5 ngay t\u1eeb \u0111\u1ea7u.<\/p>\n\n\n\n Conclusion<\/strong><\/p>\n\n\n\n Tranh ch\u1ea5p c\u1ed5 \u0111\u00f4ng sau M&A t\u1ea1i Vi\u1ec7t Nam hi\u1ebfm khi b\u1eaft ngu\u1ed3n t\u1eeb thi\u1ec7n ch\u00ed hay \u00e1c \u00fd c\u1ee7a c\u00e1c b\u00ean, m\u00e0 ch\u1ee7 y\u1ebfu xu\u1ea5t ph\u00e1t t\u1eeb vi\u1ec7c c\u1ea5u tr\u00fac ph\u00e1p l\u00fd ban \u0111\u1ea7u kh\u00f4ng \u0111\u1ee7 kh\u1ea3 n\u0103ng ch\u1ed1ng ch\u1ecbu tr\u01b0\u1edbc th\u1ef1c ti\u1ec5n x\u00e9t x\u1eed v\u00e0 thi h\u00e0nh \u00e1n. M\u1ed9t giao d\u1ecbch th\u00e0nh c\u00f4ng kh\u00f4ng ch\u1ec9 n\u1eb1m \u1edf gi\u00e1 tr\u1ecb th\u01b0\u01a1ng v\u1ee5 t\u1ea1i th\u1eddi \u0111i\u1ec3m k\u00fd k\u1ebft, m\u00e0 c\u00f2n \u1edf kh\u1ea3 n\u0103ng v\u1eadn h\u00e0nh hi\u1ec7u qu\u1ea3 c\u1ee7a c\u00e1c c\u01a1 ch\u1ebf gi\u1ea3i quy\u1ebft xung \u0111\u1ed9t khi m\u1ed1i quan h\u1ec7 c\u1ed5 \u0111\u00f4ng kh\u00f4ng c\u00f2n h\u00e0i h\u00f2a.<\/p>\n\n\n\n T\u1ea1i DTLaw, ch\u00fang t\u00f4i \u0111\u1ed3ng h\u00e0nh c\u00f9ng nh\u00e0 \u0111\u1ea7u t\u01b0 trong c\u1ea3 giai \u0111o\u1ea1n c\u1ea5u tr\u00fac giao d\u1ecbch v\u00e0 x\u1eed l\u00fd tranh ch\u1ea5p, v\u1edbi m\u1ee5c ti\u00eau t\u1ed1i th\u01b0\u1ee3ng l\u00e0 b\u1ea3o v\u1ec7 gi\u00e1 tr\u1ecb \u0111\u1ea7u t\u01b0 v\u00e0 quy\u1ec1n ki\u1ec3m so\u00e1t m\u1ed9t c\u00e1ch b\u1ec1n v\u1eefng trong m\u00f4i tr\u01b0\u1eddng ph\u00e1p l\u00fd Vi\u1ec7t Nam.<\/p>\n\n\n\n DTLaw cung c\u1ea5p d\u1ecbch v\u1ee5 th\u1ea9m \u0111\u1ecbnh ph\u00e1p l\u00fd (Legal Due Diligence) v\u00e0 t\u01b0 v\u1ea5n giao d\u1ecbch mua b\u00e1n \u2013 s\u00e1p nh\u1eadp (M&A Advisory) cho nh\u00e0 \u0111\u1ea7u t\u01b0 trong v\u00e0 ngo\u00e0i n\u01b0\u1edbc t\u1ea1i Vi\u1ec7t Nam.<\/p>\n\n\n\n \ud83d\udce7 Email: thangnt@dtlaw.vn<\/a><\/strong>
\u260e\ufe0f \u0110i\u1ec7n tho\u1ea1i: (+84) 985661168<\/strong>
\ud83c\udf10 Website: www.dtlaw.vn<\/a><\/strong><\/p>\n\n\n\n