Ho Chi Minh City, 19 September 2022 – Released by the Asian Business Law Institute (ABLI) with support from its parent organization Singapore Academy of Law, the Contract Laws of Asia – Indemnities is the first full-fledged publication under ABLI’s Contracts Project which aims to produce a set of standard-form contract terms where risks are relatively evenly allocated and which can be valid in a majority of Asian jurisdictions.
This fully-cited, 177-page publication considers 12 jurisdictions and governing laws that are high priorities for parties contracting across borders in the Asia Pacific, and focuses on:
- Operation of indemnity clauses in contracts in select common law jurisdictions, such as when such clauses are commonly sought, the advantages and disadvantages of an indemnity, and how a claim under an indemnity clause differs from a claim for damages for breach of contract; and
- Whether the common law concept of indemnity exists in select civil law and hybrid jurisdictions, and if this concept does not exist, where are the analogous remedies available in those jurisdictions.
Managing Partner Dang The Duc, Of Counsel Steven Jacob, and Junior Associate Ngo Dang Loc authored the chapter for Vietnam in the publication.
The publication is available here at the link https://payhip.com/b/lx83J. The team has also contributed to other smaller collections under this project which is available for free download here (link is https://lnkd.in/gUYSiCw7).
About Indochine Counsel
Indochine Counsel is one of Vietnam’s leading law firms. It is a business specialty firm with nearly thirty lawyers in both Ho Chi Minh City and Hanoi. Founded 16 years ago, Indochine Counsel has six partners and is capable of handling both boutique services and large M&A deals. For more information about Indochine Counsel, please visit our website at https://indochinecounsel.com.
