The legal department of a company plays a crucial role in keeping up-to-date with legal regulations, ensuring that all company operations comply with the law. This minimizes legal risks and protects the company’s legitimate rights and interests. Legal staff also act as advisors to company leaders, helping them apply the law in the most convenient and flexible way possible. To address these issues, legal staff must be well-equipped with legal knowledge and proficient in the necessary skills of the legal profession.
However, establishing a legal department can be costly and may not be suitable for all companies, especially newly established ones. Therefore, most companies choose to hire external consulting firms to handle these tasks. This not only saves costs but also ensures efficient work.
VinaSC specializes in providing legal update services to businesses in Vietnam
I. SERVICE PROVISION PROCESS AT VINASC:
Step 1. Vinasc receives information from clients about their need for legal update services, including:
- The company’s business lines;
- The legal areas of interest to the company.
Step 2. Both parties discuss and agree on the service content, after which Vinasc creates a specific plan based on the client’s requirements.
Step 3. Vinasc monitors announcements and new legal documents from relevant authorities.
Step 4. Vinasc assesses the impact of legal changes on the client’s business operations.
Step 5. Depending on the needs and nature of the business, Vinasc sends monthly emails to clients with legal updates, including:
Updates on current regulations;
– Updates on new regulations about to take effect; updates on replaced, amended, or supplemented regulations as soon as they become effective.
– Advice and explanations on new points for businesses;
– Preliminary advice on legal procedures when businesses request it.
Step 6. Review all service steps to ensure comprehensive completion.
Step 7. Clients reply to Vinasc’s emails and rate their satisfaction with the service experience
II. SCOPE OF IMPLEMENTATION
Vinasc provides legal update and guidance services in the following areas:
- Related to the client’s industry and business lines: We monitor and update legal regulations related to the client’s industry and business lines. This includes changes in industry regulations, business licenses, and other issues related to specific business activities.
- Related to labor and social insurance policies: Includes changes in labor rights, changes in social insurance regimes, and other labor and social insurance-related issues.
- Related to tax and accounting (within the scope of the previously signed accounting service contract): If the client has signed an accounting service contract with us, we will update and guide the application of specific tax and accounting regulations within the scope of the contract, helping the client comply with legal requirements in this area.
Note: All of the above does not include performing legal procedures for businesses; does not include work and responsibilities within the scope of practice as prescribed by the Law on Lawyers.
III. SPECIFIC RESULTS
- Email providing legal update services
IV. THE NECESSITY OF LEGAL UPDATES
Updating legal documents is particularly necessary for business operations for the following reasons:
- Regulations are often replaced, amended, or supplemented. Failure to update promptly can lead to applying outdated laws that do not comply with current regulations. Timely updates help businesses apply the correct regulations and avoid legal violations.
- Businesses (especially those without a separate legal department) often cannot update new legal documents promptly due to the nature of their work and lack of time.
- Updates may not be comprehensive. Self-updating legal documents can lead to incomplete updates. With professional expertise, the legal document update service will help businesses update accurately and comprehensively any amendments or supplements.
- Saves time for businesses
For any information regarding legal update services and guidance on applying legal regulations, please contact Vinasc Group Joint Stock Company for detailed advice.