THE LAM TRAINING DAY – 27.05.2024 - THE LAM LAW

Recently, THE LAM LAW LLC organized an internal sharing session featuring two in-depth legal topics, aimed at strengthening the professional knowledge and practical experience of THE LAM’s team.

Key Topics Covered:

Topic 1: Liability for Damages in Commercial Contracts

This topic provided a deep dive into liability for damages in contracts, highlighting the following key points:

(i) Definition of commercial contract;

(ii) Conditions for liability for damages;

(iii) Judicial and arbitral practice in resolving disputes regarding estimated and actual damages.

Topic 2: Compulsory Performance of Contracts under the Commercial Law 2005

The session focused on legal provisions regarding the remedy of requiring proper performance of contracts, analyzing the scope of application, cases where performance deadlines may be extended for the breaching party, and necessary legal procedures to avoid future disputes.

Key Takeaways:

From the two legal topics, THE LAM draws valuable practical lessons, including:

• The importance of proactively drafting and reviewing contractual terms thoroughly from the outset to minimize dispute risks.

• The need to apply legal remedies accurately and cautiously to protect clients’ interests without causing undue harm to involved parties.

• The benefit of regularly updating on real-life cases and court/arbitral decisions to enhance dispute resolution skills.

In addition, at the sharing session, THE LAM team also spent time learning and discussing about the issue of psychology at work, specifically the “Smiling Depression” syndrome – a silent problem that can affect the mental health of those working in legal services. This is a meaningful content, emphasizing the company’s concern for the mental health of its employees, contributing to creating a professional and healthy working environment.

Conclusion:

The sharing session provided valuable legal knowledge and practical lessons for THE LAM team to effectively apply in their work. The real-life situations presented helped the team gain a deeper understanding of how to apply sanctions in trade and protect the interests of Clients.

THE LAM LAW LLC
🏢Indochina Park Tower, # 4 Nguyen Dinh Chieu Str, Dakao Ward, Dist 1, Ho Chi Minh City.
📞Tel: +84 (0)28 710 58 222 – 6288 3798 – Hotline: +84 (0) 97 309 77 77
✉ Email: info@thelamlawllc.com