Vietnam (asialaw)

Work highlights 

Advised ZF Friedrichshafen, one of the world's largest automotive suppliers, on Vietnamese merger control aspects of its joint venture with Foxconn. The transaction involved Foxconn acquiring a 50% stake in ZF Chassis Modules, creating a strategic partnership in passenger car chassis systems. The firm successfully obtained unconditional merger clearance in Vietnam, navigating complex market definition issues. The deal aims to combine both companies' capabilities to expand their product offerings across traditional and electric vehicle segments. 

Advised Coteccons Construction Joint Stock Company on its dual acquisition of Sinh Nam Metal Vietnam Company and UG Vietnam Mechanical and Electrical Company. The transaction involved comprehensive due diligence, documentation and merger control filings for both targets. The concurrent acquisitions were strategically structured to enable Coteccons to service a major contract with Lego Manufacturing. The firm provided particular guidance on post-closing risk mitigation related to UG M&E's planned liquidation. 

Key clients 

Indicia Worldwide 

Work highlights 

Advised a major Vietnamese power producer in ongoing arbitration proceedings at the Vietnam International Arbitration Centre against a Singaporean trading corporation. The dispute concerns breach of contract relating to coal-supply deliveries and foreign-contractor tax obligations. The matter, involving a power generator with over 7,000MW capacity, required complex analysis of tax regulations and contractual provisions. The arbitral tribunal ruled in favour of the client on foreign contractor tax liability despite ambiguous contractual terms, setting an important precedent for similar disputes in Vietnam's energy sector.