LEGAL PROVISIONS AND CONSEQUENCES OF STOCK DELISTING

Dear Valued Clients,

“Compulsory delisting” is one of the sanction for violating listed company that has been applying recently. In addition, during the difficult period of the Vietnamese as well as world economies, various listed companies have also had the need to voluntarily delist to focus their resources on the main production and business activities.

ATA Legal Services has been receiving numerous inquiries from clients regarding this issue. Therefore, we would like to send our Valued Clients and those who are interested in a Legal Alert that summarizes the legal provisions and issues related to the order, procedures and legal consequences for listed companies and their shareholders.

We hope you will find this topic helpful. 

Best regards!

Legal basis:

1. 2019 Law on Securities;
2. Decree 155/2020/ND-CP guiding the implementation of the Law on Securities;
3. Decision 34/QD-HDTV in 2022 on the Regulation on Registration and Management of unlisted securities transactions.

Abbreviation:

1. SSC: State Securities Committee.
2. VSD: Vietnam Securities Depository.