AsianLII [Home] [Databases] [WorldLII] [Search] [Feedback] [Help]

The Supreme People's Court of Vietnam: Benchbook Online

You are here:  AsianLII >> Databases >> The Supreme People's Court of Vietnam: Benchbook Online >> 1. Receiving a petition to commence bankruptcy procedures

[Table] [Database Search] [Name Search] [Previous Part] [Previous Section] [Next Section] [Next Part] [Vietnamese] [Help]


 
1. Receiving a petition to commence bankruptcy procedures


Related legal documents
  • Bankruptcy Law (Article 7 and Article 8)
  • Resolution No. 03/2005/NQ-HDTP dated 28 April 2005 of the SPCJC providing guidelines for implementation of a number of provisions of the Bankruptcy Law 2005 (hereinafter referred to as Resolution No. 03/2005)
  • Decision No. 01/2005/KHXX dated 27 April 2005 of the Chief Justice of the SPC promulgating working regulations of the Judges Team who conduct bankruptcy procedures

  • Main duties and practical skills:

    • The Judge should check whether the petition to commence bankruptcy procedures has been  sent to the Court having the right jurisdiction, as provided in Article 7 of the Bankruptcy Law.
    • The Judge should determine who has the right and obligation to send the petition, as provided in Articles 13, 14, 15, 16, 17 and 18 of the Bankruptcy Law.
    • Upon receipt of the petition for commencement of bankruptcy procedures, the People’s Court where the petition is received shall assign a Judge to consider accepting or refusing the petition and this Judge shall be directly in charge of conducting bankruptcy procedures with respect to the enterprise or cooperative.
    • The Judge should determine the composition to conduct bankruptcy procedures
      - The district People’s Court shall assign only one Judge;
      - The provincial People’s Court may assign one or three Judges.
    • Upon receipt of the petition for commencement of bankruptcy procedures, the Chief Justice of the district People’s Court or Chief Justice of the Economic Court of the provincial People’s Court shall assign a Judge to consider accepting the petition, issuing a decision on commencing or not commencing bankruptcy procedures, and consider assigning one or three Judges to conduct bankruptcy procedures.
    • Cases where there must be three Judges conducting bankruptcy procedures are provided in Section 4 of Part I of Resolution No. 03/2005.
    • When conducting bankruptcy procedures, the Judge or head of the Judges’ Team can report to the Chief Justice of the district People’s Court or Chief Justice of the Economic Court of the provincial People’s Court to change (increase or decrease) the number of the composition conducting bankruptcy procedures.