Axie Infinity and Dispute Resolution

This last week I gave a presentation for ASEAN Legal Alliance on NFTs, Axie Infinity, and the major problem digital assets present for national sovereigns. I’ve previously written in this space about the difficulty of the Metaverse being largely owned and operated by an American company. Citing the United States reaction to Chinese limitations to [...]

By |2022-06-13T02:58:13+07:00June 13th, 2022|Contract Law, Dispute Resolution, TMT-Technology, Media, Telecom|Comments Off on Axie Infinity and Dispute Resolution

Move to Earn and Vietnam

A new NFT model has recently hit the news, StepN, which is a game/program/model in which users have the opportunity to buy an NFT sneaker which represents their real sneaker and is linked to their movements via their cellphones or smartwatch. They can then be rewarded with cryptocurrency according to how much they actually move [...]

By |2022-04-25T08:05:54+07:00April 25th, 2022|Banking and Finance, Contract Law, TMT-Technology, Media, Telecom|Comments Off on Move to Earn and Vietnam

Contractual Remedies for Breach in Vietnam Contracts

One of the major issues we face as lawyers in Vietnam is protecting our clients in drafted contracts. There are numerous elements that go into such drafting, but one major element is the inclusion of penalties for breaches of the contract. While Vietnam does not recognize liquidated damages, there are a number of other penalties [...]

By |2022-04-04T04:06:51+07:00April 4th, 2022|Contract Law, Dispute Resolution|Comments Off on Contractual Remedies for Breach in Vietnam Contracts

E-Transactions in Vietnam

Electronic Transactions (E-Transactions) in Vietnam As defined in the Electronic Transaction Law (the ET Law), electronic transaction or e-transaction means a transaction conducted by electronic means. Electronic means are means that operate on the basis of an electric, electronic, digital, magnetic, wireless, optical, electro-magnetic technology or similar technologies. Any transactions by electronic means in the [...]

By |2022-03-14T02:56:26+07:00March 14th, 2022|Contract Law, TMT-Technology, Media, Telecom|Comments Off on E-Transactions in Vietnam

Axie Infinity Redux

Vietnam's startup darling Axie Infinity is in the news. Like the United States on the back of trillions of dollars of newly printed dollar bills, Axie Infinity is suffering from a classic economic problem: inflation. Here's the skinny. Axie Infinity is a blockchain item, based on Ethereum, where it uses a couple of different technologies. [...]

By |2022-02-07T01:19:02+07:00February 7th, 2022|Business News, Contract Law, TMT-Technology, Media, Telecom|Comments Off on Axie Infinity Redux

Debt Recovery in Vietnam

I wrote a couple weeks ago about the interest rate cap on loans as applicable to P2P lending in Vietnam (see Interest Rates for P2P Lending in Vietnam) in which I discussed the problem we've seen with P2P lenders being accused of criminally exceeding that cap through the application of fees on loans. Another problem [...]

By |2021-05-31T03:06:53+07:00May 31st, 2021|Banking and Finance, Contract Law, TMT-Technology, Media, Telecom|Comments Off on Debt Recovery in Vietnam

Interest Rates for P2P Lending in Vietnam

As a relative newcomer to fintech, and with limited experience working with peer-to-peer lending (P2P Lending), I thought that the scope of such lending was similar to crowdfunding. Individuals could go to a P2P Lending website, lodge a request for loans, and be matched with individual lenders. I didn't realize that the concept of P2P [...]

By |2021-05-17T03:13:47+07:00May 17th, 2021|Banking and Finance, Contract Law|Comments Off on Interest Rates for P2P Lending in Vietnam

E-Commerce Contracts in Vietnam

by Steven Jacob, Foreign Associate In traditional contracts, the contract is dependent upon the agreement of the parties. That agreement is reached through a process of contract formation. In the first step, one of the parties makes an offer of providing either goods or services. The other party then will review the offer and accept [...]

By |2021-04-05T03:04:01+07:00April 5th, 2021|Contract Law, TMT-Technology, Media, Telecom|Comments Off on E-Commerce Contracts in Vietnam

Legal Issues with Blockchain in Vietnam

By Steven Jacob, Foreign Associate A while ago I wrote about blockchain and data protection issues in Vietnam. In that post, I discussed the Vietnamese government’s promotion of the development of blockchain technology in the country. I also pointed to certain difficulties in its adoption due to certain requirements in the existing data protection laws. [...]

By |2021-03-29T05:34:08+07:00March 29th, 2021|Contract Law, TMT-Technology, Media, Telecom|Comments Off on Legal Issues with Blockchain in Vietnam
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