Investment in the Form of a BCC Contract
A Business Cooperation Contract (BCC) entered into between domestic investors shall be executed in accordance with civil law.
A BCC entered into between a domestic investor and a foreign investor, or between foreign investors, shall undergo the procedures for obtaining an Investment Registration Certificate as prescribed in Article 38 of the Law on Investment 2020.
Parties to a BCC shall establish a coordinating committee to implement the contract. The functions, tasks, and powers of the coordinating committee shall be agreed upon by the parties.
Contents of a BCC Contract
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A BCC contract must include the following principal contents:
a) Name, address, and authorized representative of the parties to the contract; transaction address or location of the investment project;
b) Objectives and scope of investment and business activities;
c) Contributions of the parties and distribution of business investment results among the parties;
d) Schedule and duration of implementation of the contract;
đ) Rights and obligations of the parties;
e) Amendment, assignment, and termination of the contract;
g) Liability for breach of contract and methods of dispute resolution. -
During the performance of a BCC, the parties may agree to use assets formed from business cooperation to establish an enterprise in accordance with the law on enterprises.
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The parties to a BCC may agree on other matters not contrary to the law.
Legal Basis: Articles 27 and 28 of the Law on Investment 2020.
