The Issue of Handling Assets for Bankrupt Enterprises Under Law of Bankruptcy in Vietnam

Abstract

Bankruptcy law is always an open and evolving system to adapt to the requirements of each economy at different stages. However, the rapid formation of multinational companies along with globalization in today's conditions demands economies to have a unified view of bankruptcy phenomena and close cooperation between countries to ensure collective economic security by minimizing disadvantages stemming from bankruptcy. In this article, we will delve deeper into asset handling issues for bankrupt businesses and suggest some contributions to perfecting the bankruptcy law for enterprises.