Trung Nguyen's $75.2-million compensation demand in the divorce dispute

Le Hoang Diep Thao, former deputy general director of Trung Nguyen Group

There is no end in sight for the nearly one-year dispute between Trung Nguyen IC and Thao as it has recently been revealed that the company took Thao to court in July 2017 for the $75.2 million compensation claim.

On May 16, Thao officially rejected Trung Nguyen IC’s accusations and the request for compensation.

In a document sent to the Supreme People’s Court on March 5, 2018 Thao argued that Trung Nguyen IC lacks the legal grounds and evidence to bring civil procedures against her, claiming she committed no special violations of the Civil Procedure Code.

Additionally, Thao has also repeatedly requested the Bac Giang People’s Court not to carry out or approve any emergency measures affecting the operations of Trung Nguyen IC’s Bac Giang branch.

Responding to Trung Nguyen IC’s accusations, Thao lodged the following arguments:

First, Dang Le Nguyen Vu was not Trung Nguyen IC’s legal representative at the time the complaint for this commercial business case was signed because Vu violated Trung Nguyen IC’s charter by using the eighth company registration certificate to replace Thao as the company’s legal representative.

According to Thao, at the time Vu was the legal representative of Trung Nguyen Group, thus him becoming the representative of Trung Nguyen IC (a subsidiary) would have led to a clash of interests and was against the company charter.

By court order, Trung Nguyen IC is a common property between Thao and Vu the division of which is currently pending court assessment (Thao filed for divorce more than two years ago), thus a claim for compensation would be unjustified.

Vietnam’s three most newsworthy divorce settlements Divorce disputes of public figures have always received ample publicity, especially where assets worth millions of dollars or thousands of jobs hang in the balance. ...

According to nguoiduatin.vn, the $75.2-million lawsuit is among lawsuits Trung Nguyen Group has started against Thao, aiming to negate her proprietary and control rights in their common assets with Vu.

In July 2017, Trung Nguyen IC sued Thao at the Bac Giang People’s Court for illegal seizing the company’s seals and Bac Giang branch’s and requested a court order for her to fulfil six things.