Vietnam - Attachment of Assets
Author(s):
Thang Chien Dang
Page Count:
24 pages
Media Description:
1 PDF Download
Published:
October, 2014
Description:
Originally from Attachment of Assets
Preview Page
Terminology:
It is recognized that the word “attachments” used for the subject of
these questions—and of the book that will result—may be referred to
by many other terms. Such words include garnishments, embargoes,
seizures, arrests—as well as a variety of other terms in languages other
than English. The term “attachment” has been used as a generic term
for all of these, and other, kinds of judicial orders that have the effect
of immobilizing property of a debtor in connection with civil
proceedings for damages, expected or already awarded. These orders
may be in the form of removing property from the possession of a
defendant or his debtor or of injunctions preventing the debtor from
removing his property from the jurisdiction. Thus, “order of
attachment,” as used herein, may refer to injunctions as well.
As can be seen, the term “plaintiff” has been used for the party with
a claim who is the applicant for an attachment order, and “debtor” has
been used for the person against whom the plaintiff has the claim and
whose property the plaintiff seeks to attach. “Garnishee” has been used
for the person—be it a bank or other obligor to the debtor—who holds
property that is the subject of the order of attachment. The term of
“obligor” may also refer to “defendant” or “debtor”, and “beneficiary”
or “beneficiaries” may also refer to “plaintiff” depending on the
context of application.
Introduction:
Under the existed laws and regulations of Vietnam, attachment of
assets is available under three legal processes: civil litigation, criminal
litigation, and punishment for administrative violations. This study,
however, focuses only on the attachment of assets by civil litigation,
following a contractual relationship between the parties. Procedures of
civil litigation include processes of the adjudication for the parties’
rights and the enforcement for execution of a court’s judgment.