Mr. Dang Le Nguyen Vu lost the right to manage Trung Nguyen instant coffee.

The Chairman of Trung Nguyen Group is no longer the legal representative of the unit that produces and trades G7 coffee brand products.

On July 13, the Department of Planning and Investment of Binh Duong province decided to cancel the legal representative rights of Mr. Dang Le Nguyen Vu (Chairman of Trung Nguyen Group) at Trung Nguyen Instant Coffee Joint Stock Company.

Specifically, this decision revokes and cancels the value of the 8th amended Business Registration Certificate dated April 21 and announces changes to the seal design of Trung Nguyen Instant Coffee Company, showing that Mr. Dang Le Nguyen Vu is the legal representative.

With this decision of the Department of Planning and Investment of Binh Duong province, the legal value of the 7th amended Business Registration Certificate dated November 28, 2013 of this company was also restored, in which the legal representative is Ms. Le Hoang Diep Thao - Mr. Vu's wife.

According to Article 13 of the current Enterprise Law, the legal representative is an individual representing the company to exercise the rights and obligations arising from the enterprise's transactions. This individualRepresent the business in communicating with outside parties and deciding on important issues such as organizing and operating business activities, organizing human resources, managing and using accounts and company seals...The title of the legal representative can be Chairman of the Board of Directors or General Director, Director of the enterprise.

Mr. Dang Le Nguyen Vu - Chairman of the Board of Directors of Trung Nguyen Group.

Decision ofDepartment of Planning and Investment of Binh Duong provinceissued based on the official dispatch dated May 13 of the High People's Court in Ho Chi Minh City.Previously, Ms. Thao sent a petition to the People's Committee and the Office of the Binh Duong Provincial Party Committee requesting the revocation of the company's business registration certificate (issued on April 21) on the grounds of waiting for the court's settlement of the divorce between her and Mr. Vu.

The dispute over control of this business has been going on since the end of last year when Trung Nguyen announced the temporary suspension of the supply of instant coffee due to machine maintenance. However, Ms. Thao later sent a document to partners and management agencies stating that the main reason was a dispute between her and her husband. According to her, tWhile waiting for the court to resolve the divorce, Mr. Vu arbitrarily dismissed Ms. Thao from her positions as Chairman of the Board of Directors and General Director of Trung Nguyen Instant Coffee Company.

However, Ms. Thao said that Mr. Vu's actions were "not legally guaranteed" because the company's Board of Directors has 3 members. However, only Mr. Vu attended the meetings to dismiss the above position and made the decision himself.

Trung Nguyen Group is an enterprise operating in the fields of: coffee production, processing, trading; franchising; distribution services, modern retail and tourism. Trung Nguyen Coffee is one of the leading famous brands in Vietnam and is present in more than 60 countries around the world.

Currently, Trung Nguyen Group has 4 factories in Dak Lak, Ho Chi Minh City, Binh Duong and Bac Giang. Of which,CompanyTrung Nguyen Instant Coffee Joint Stock Company is the factory operator in Binh Duong.headquartered in Tan Dong Hiep Industrial Park, Di An town. This isThe unit produces and trades G7 branded products including instant milk coffee, instant black coffee and instant specialty coffee.In addition to Trung Nguyen Instant Coffee Company, Ms. Thao also runs TNI Company Limited headquartered in Singapore - a unit with the goal of expanding the international market of the Trung Nguyen Coffee brand.

According to VNE