You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

July 8, 2015

PLC Insurance and Reinsurance Multi-Jurisdictional Guide 2015/16 – Vietnam Chapter

Practical Law Company

Practical Law Company has published the latest edition of its multi-jurisdictional guide to Insurance and Reinsurance, a country-specific Q&A guide that provides overviews of insurance and reinsurance law and practice in 28 jurisdictions around the world. Vinh Quoc Nguyen, senior attorney-at-law, and Jim Dao, registered foreign attorney, at Tilleke & Gibbins, coauthored the Vietnam chapter of the guide. The chapter covers market trends and regulatory framework, regulation of insurance and reinsurance contracts, corporate structure, regulation of insurers and reinsurers, operating restrictions, reinsurance monitoring and disclosure requirements, insurance and reinsurance policies, insurance and reinsurance policy claims, insolvency of insurance and reinsurance providers, taxation, dispute resolution, upcoming reforms, and trade organizations.

RELATED INSIGHTS​ 

March 11, 2020
The latest update to the Laos chapter of Thomson Reuters’ Practical Law guide to insurance and reinsurance has been published, written by legal practitioners from Tilleke & Gibbins’ Vientiane office. The guide presents a Q&A-style overview of insurance and reinsurance laws and practices in major jurisdictions around the world.
January 28, 2020
In late 2019, Thailand’s cabinet approved in principle the draft amendments to the Life Insurance Act B.E. 2535 (1992) and Non-Life Insurance Act B.E. 2535 (1992). The key changes introduced by the draft amendments include:Added provision on insurance business transfers that result in a change of insurer. In such a case, the transferee of the insurance business is required to notify the insured of the right of objection. A novation by substitution of the debtor will be deemed to occur when the insured does not object to the business transfer.
January 28, 2020
Tilleke & Gibbins authors have provided the latest update to the Thailand Q&A section of Doing Business in… , a Q&A-style guide published by Thomson Reuters Practical Law that presents an overview of recent legal developments affecting doing business in 59 jurisdictions worldwide. The Thailand chapter of the guide was written by attorneys from Tilleke & Gibbins and presents an overview of Thailand’s legal system and key laws applicable to foreign companies doing business in the country.
January 13, 2020
On January 7, 2020, the Thai General Insurance Association hosted a session on the insurance industry’s compliance with the Personal Data Protection Act (PDPA), which was enacted in 2019 and is due to come into force on May 27, 2020. Representatives from the Office of Personal Data Protection Commission (PDPC) and the Office of Insurance Commission (OIC) gave presentations, followed by a panel discussion with representatives of the OIC and the Thai General Insurance Association.Speakers were able to give clarity on a number of issues: