Aug27
Contract disputes in Cambodia are governed by the Civil Code, and Code of Civil Procedure. These codes provide the legal framework for resolving disagreements arising from contractual relationships. A contract dispute occurs when parties to a contract disagree on the interpretation, fulfillment, or enforcement of the terms of the agreement. Below is an outline of […]
Aug26
Debt recovery in Cambodia is governed by the Civil Code, the Code of Civil Procedure, and other related regulations. The process involves several steps that creditors can follow to recover debts from defaulting debtors. Below is an outline of the typical debt recovery process under Cambodian law: Demand for Payment – Initial Contact: The creditor […]
Aug22
Essential Pre-Loan Considerations in Cambodia Before lending in Cambodia, it’s crucial to take the following steps to minimize risks and ensure successful loan recovery: 1. Conduct Thorough Due Diligence: Financial Health: Assess the borrower’s financial stability and creditworthiness. Repayment Capacity: Evaluate their ability to meet the loan’s repayment obligations. 2. Secure Collateral (When Possible): Safeguard […]
Aug19
A Guide to Clear Obligations and Benefits Under the Trust Law of Cambodia 2019, non-Khmer citizens or legal entities can hold land through a trust arrangement with a licensed trustee. A well-drafted trust agreement is essential to prevent disputes and ensure the smooth management of the trust property. Importance of Clear Obligations and Benefits To […]
Aug15
In Cambodia, property acquired during a marriage is generally considered marital property or joint property. This means that both spouses have equal rights to it. However, there are exceptions and complexities that can make determining ownership challenging. Marital Property Marital property includes assets acquired by either or both spouses during the course of a marriage. […]
Aug06
Fintech industry in Cambodia Fintech has emerged as a dynamic sector in Cambodia, with a growing number of innovative financial services. Given the rapid pace of technological advancements and the increasing demand for digital financial solutions, understanding the fintech licensing landscape is crucial. Fintech Licenses in Cambodia Cambodia’s fintech regulatory environment is evolving rapidly. While […]
Aug05
Long-Term Lease Agreements in Cambodia: For non-Khmer citizens or legal entities, long-term lease agreements with landowners or the Government of Cambodia offer a viable option for securing land use rights. This aims to provide an overview of the benefits and features of long-term lease agreements, highlighting the legal framework and key considerations. Eligibility: Foreign individuals […]
Jul31
Can a Domestic NGO Own Land in Cambodia? No, domestic NGOs are not eligible to own land in Cambodia. According to Cambodia’s Constitution (Article 44) and Land Law (Article 8), only natural persons of Khmer nationality or legal entities with at least 51% of shares owned by a Cambodian natural or legal person can own […]
Jul26
Cyberscams: Protecting Yourself and Seeking Justice The digital age has brought unprecedented convenience but also a surge in cybercrime. From phishing attacks to identity theft, scams are becoming increasingly sophisticated, leaving individuals and businesses vulnerable. Cambodia, like many countries, is not immune to this threat. Understanding the Threat Cyberscams are fraudulent activities designed to deceive […]
Aug05
Cambodian Penal Code The standard age for criminal responsibility in Cambodia is 18 years old. This means individuals under 18 are generally not held criminally accountable for their actions. However, the law allows for flexibility. Children as young as 14 can be held criminally responsible under specific circumstances, such as the severity of the crime […]