Apolat Legal acts as a legal consultant and representative to work with the inspector of the Department of Industry and Trade on the delay in renewing the retail establishment licenses, resulting in the forfeiture of all profits arising in the period that the licenses have not been extended.
In this transaction, the client is a foreign-invested company with more than 20 retail stores in many provinces and cities in Vietnam. During the operation, the client was careless in the delay in completing the application for renewal of many retail licenses, leading to the Department of Industry and Trade not allowing the extension of the license to set up retail establishments, requiring the closure of the retail stores and issue decisions to sanction and recover all profits generated during the license expiration period.
With lawyers specializing in advising on the operation of retail chains, Apolat Legal’s lawyers have consulted solutions to help clients minimize the level of administrative penalties and no arrears of profits generated during the license expiration period. As the result, the client has been approved by the Department of Industry and Trade to renew expired retail licenses.
