TEXTILE EXECUTIVES RISKING JAIL OVER CONTESTED SACKINGS UNDER NEW VIETNAMESE LAW AMENDMENT
March 1st, 2017
Vietnam has an amendment to its criminal code under way that would make the crime of illegal dismissal of employees punishable with a jail term of up to one year. That textile executives could be affected by this draconic measure has followed the Vietnam government adopting a policy principle of “piercing the corporate veil” on January 1 this year. This was designed to mean that corporate management positions are – if not exculpated – liable for criminal actions of the company. Also, violations against regulations of law on occupational safety and hygiene ...
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