secured transaction Archives

Some notes on fee collection and payment in secured transaction registration

29/11/2023

In order to meet the practical situation’s needs and ensure compliance with new legal regulations on secured transactions and other related regulations, the Ministry of Finance has issued Circular 61/2023/TT-BTC providing regulations on the fees, the regimes of collection, payment, management, and use of fees in the field of secured transaction registration (Circular 61). Accordingly, Circular 61 will take effect from November 15, 2023 and amend and supplement several contents related to the application scope and fees applied.

New regulation on securing the performance of obligations

15/07/2021 by Nguyen Thi Kim Anh

In order to overcome the inadequacies and obstacles in civil transaction practice that Decree 163/2006/ND-CP on secured transactions issued under Civil Code 2005 has not yet resolved, on March 19, 2021, the Government has issued Decree 21/2021/ND-CP guiding on the implementation of Civil Code 2015’s regulations on securing the performance of obligations. This Decree has been effective since May 15, 2021.