Cgv Takes Over Two Platinum Cinemas In Hanoi



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Vincom Retail responds lớn clayên by Platinum Cineplexes that it acted illegally in closing three cineplexes.

by Duy Anh & Ngoc Lan

In response to lớn claims by Multi Vision Plus (MVP) yesterday over the closure of its Platinum Cineplexes at three Vincom Retail (VCR) shopping malls in Hanoi, Ms. Tran Mai Hoa, General Director of VCRtoday provided VET with documentary evidence that it complied with the terms of the contract & relevant law.

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Ms. Hoa said it was ready to lớn answer any lawsuit instigated by Platinum Cineplex, adding that VCRhas also filed a lawsuit against Platinum.

If MVPhường does not voluntarily move sầu its assets away from VCR premises, it said, then it will vì so itself. The moving & storage of assets will be witnessed by representatives from authorities và be done in accordance with the contract.

On March 1, Vincom forced the closure of Platinum Cineplexes at Vincom Long Bien Plaza, Vincom Mega Mall Times City, & Vincom Mega Mall KĐT Royal City.

VCR has sent manydocuments asking MVPhường lớn move its assets now the contract has been terminated, but MVP has deliberately delayed moving. On October 15, MVP agreed to lớn move their assets but later asked for extension to lớn February 4. On December 19, MVP once again asked for an extension, this time of 10 khổng lồ 12 months. On December trăng tròn, it requested an extension và permission lớn operate over the Tet holiday.

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VCR agreed to lớn an extension lớn February 24, but MVP.. has still not moved its assets. On March 1, VCR was forced lớn seal the premises, in accordance with the contract. It notified MVP. of its plans.

Sealing the premises is a legal measure and meant to “clean” the premises. It was done and overseen by MVP. managers & bailiffs at each location.

During their partnership, VCR said, MVP repeatedly violated the terms of the contract, such as not paying rent. Only when VCR repeatedly submitted payment requests did MVP pay rent, but not in full. This violation was sufficient lớn terminate the contract. The contract was terminated in accordance with the rights of the two parties negotiated & clearly specified in the contract.

MVPhường, meanwhile, said they will bring the matter to the attention of relevant ministries in Vietphái nam and expects intervention. A representative sầu of VCR, however, noted that the case is a disagreement between the two business partners and should therefore be resolved on the basis of law và the trade và civil agreement between the parties.

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