Notable ESOP Matters
Tapestry
In cooperation with Tapestry, a UK specialty firm, we have assisted numerous multinational clients (including Shiseido, Dell, Aviva, Appier, Rolls-Royce, Renesas) to create various structures for their ESOPs, and we have helped them to adapt and to comply with State Bank of Vietnam requirements.
Undisclosed insurance company
In cooperation with Linklaters, assisted an international insurance company with its share option scheme, employee share purchase scheme, and restricted share unit scheme.
Sanofi
In cooperation with GIDE LOYRETTE NOUEL, assisted client to register its ESOPs with the State Bank of Vietnam; advise client on various aspects of tax regulations related to ESOPs, and operation of the onshore foreign currency account for its ESOPs.
Worked with DLA Piper, Mayer Brown, Pinsent Masons, Tapestry, Skadden Arps, Meagher & Flom, Clifford Chance and others on their clients’ Vietnam ESOPs.
Undisclosed French multinational
In cooperation with Shearman & Sterling, assisted client’s local subsidiaries to register its 2019 and 2020 worldwide ESOP with the State Bank of Vietnam. Client later withdrew its intention to register.
WeWork
Provided advisory services in connection with its Vietnam stock option plan.
Bytedance
Assisted client in connection with its restricted share unit scheme.
Ipsen
Assisted client to register its ESOP with the State Bank of Vietnam.
AnyMind
Assisted client to register its ESOPs with the State Bank of Vietnam, advised client on issues related to employee ownership of offshore shares, tax-related matters during the ESOPs operation; assisted client to satisfy local bank’s requirements to set up and operate required special foreign currency accounts.
Amanotes
Advised client on registration of its ESOP with the State Bank of Vietnam, and tax withholding in relation to proceeds from sale of offshore shares and dividends generated from offshore shares; restructuring the terms and conditions of the plan rules; assisted client to satisfy local bank conditions to implement the ESOP.
