Official letter No. 2160/BXD-QLN
dated June 16th, 2022 of the Ministry of Construction regarding guidelines on adjustment to an investment project in case of merger of projects of investors after receiving part of project
Posted: 29/6/2022 1:58:55 PM | Latest updated: 4/7/2022 6:32:53 PM (GMT+7) | LuatVietnam: 5484
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Based on point a clause 2 Article 52 of the Law Real Estate Trading 2014, the Ministry of Construction assumes that in case the transfer of a part of a real estate project is performed in accordance with regulation of laws, the transferee is entitled to retain and exercise rights or fulfill obligations transferred from the transferor.
In addition, according to clause 1 Article 41 of the Law on Investment 2020 and point b clause 1 Article 50 of the Decree No. 31/2021/ND-CP, the investor has the right to merge one or more projects to another project of such investor if the conditions at clause 2 Article 50 of Decree No. 31/2021/ND-CP are met.
Ms Phuong Thao (VietlawOnline.com)
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