CASE LAW NO.08/2016/AL ON DETERMINING INTEREST, ADJUSTMENT OF INTEREST RATE IN THE CREDIT FACILITY A

In the facility agreement, the parties agreed on the loan interest rate, including: the interest rate, the overdue interest rate, the adjustment of loan interest rate of the lending Bank or credit institution from time to time up to the time of the firstinstance hearing and the borrower has not made payment or has not made payment in full the amount of principal and interest in accordance with the facility agreement.

In this case, the borrower must continue making payment to the Bank or credit institution for the unpaid principal, the interest accrued on the principal amount (if any), the overdue interest of the unpaid principal according to the interest rate agreed by the parties in the facility agreement until the borrower has fully repaid the principal. In case the parties agreed on the adjustment of interest rate of the bank or the lending credit institution from time to time, the interest rate that the borrower is obliged to continue paying pursuant to the court decision shall be adjusted in accordance with the adjustment of interest rate of the lending bank or credit institution.

Link PDF: CASE LAW NO.08/2016/AL

Link on Youtube: CASE LAW NO.08/2016/AL ON DETERMINING INTEREST, ADJUSTMENT OF INTEREST RATE IN THE CREDIT FACILITY AGREEMENT FROM THE DAY FOLLOWING THE FIRST-INSTANCE HEARING

CONTACT US:

Lawyers in Da Nang:

99 Nguyen Huu Tho, Quan Hai Chau, Da Nang city

Lawyers in Hue:

56A Dien Bien Phu, Hue City, Thua Thien Hue

Lawyers in Ho Chi Minh City:

No. 122 Dinh Bo Linh Street, Binh Thanh District, Ho Chi Minh City

Lawyers in Ha Noi:

Room 501, 5th Floor, No. 11, Lane No. 183, Dang Tien Dong Street, Dong Da District, Ha Noi

Lawyers in Nghe An:

 No. 19 V.I Lenin street, Vinh City, Nghe An Province

Website: www.fdvn.vn    www.fdvnlawfirm.vn  www.diendanngheluat.vn  www.tuvanphapluatdanang.com

Email: fdvnlawfirm@gmail.com    luatsulecao@gmail.com

Phone: 0935 643 666    –  0906 499 446

Fanpage LUẬT SƯ FDVN: https://www.facebook.com/fdvnlawfirm/

Legal Service For Expat:  https://www.facebook.com/fdvnlawfirmvietnam/

TỦ SÁCH NGHỀ LUẬT: https://www.facebook.com/SayMeNgheLuat/

DIỄN ĐÀN NGHỀ LUẬT: https://www.facebook.com/groups/saymengheluat/

Youtube: https://www.youtube.com/c/luatsufdvn

Telegram: https://t.me/luatsufdvn

Group “Legal forum for foreigners in Vietnam”: https://www.facebook.com/groups/legalforeignersinvietnam